The Federal Trade Commission has approved the sale of the former Penn Traffic supermarket located at 404 West Morris Street in Bath, New York, to Moran Foods, Inc., d/b/a Save-A-Lot, Ltd. The sale is required under an FTC order settling charges that Tops Markets' January 2010 acquisition of the bankrupt Penn Traffic Company supermarket chain would be anticompetitive, as originally proposed.

The Commission vote approving the sale of the Bath store was 4-0. (FTC File No. 101-0074, Docket No. C-4295; the staff contact is Elizabeth A. Piotrowski, Bureau of Competition, 202-326-2623; see press release dated August 4, 2010.)

The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC's online Complaint Assistant or call
1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC's website provides free information on a variety of consumer topics. Like the FTC on Facebook and follow us on Twitter.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.