The Federal Trade Commission flexed its muscles in 1999 as industry consolidation continued. The most devastating impact was felt by Netherlands-based Ahold, which opted to terminate its proposed acquisition of Pathmark Stores, Carteret, N.J., after the FTC opposed the deal in mid-December, reportedly due to considerable competitive overlap. Also feeling the FTC's power was Albertson's, Boise, Idaho, which was required to divest 145 stores in the Western U.S. to receive approval to acquire ...

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