FTC Approves Tops Markets’ Application to Divest Three Former Penn Traffic Supermarkets in New York and Pennsylvania, Finalizes Modified Settlement Order
Following a public comment period, the Federal Trade Commission has approved an application by Tops Markets LLC to sell three supermarkets to Hometown Markets, LLC. Tops is required to divest a total of seven supermarkets in five geographic markets Bath, Cortland, Ithaca, and Lockport, New York; and Sayre, Pennsylvania under a proposed FTC order settling charges that Tops’s January 2010 acquisition of the bankrupt Penn Traffic Company supermarket chain was anticompetitive.
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