Petition for approval of proposed divestitures: The Commission has received a petition from Service Corporation International (SCI) and Alderwoods Group, Inc. seeking approval of several proposed divestitures related to SCI’s recent acquisition of Alderwoods. In the FTC’s consent agreement and order allowing the transaction to proceed with conditions, SCI and Alderwoods were required to divest a range of funeral home and cemetery services companies. Through this petition, a public version of which can be found on the Commission’s Web site as a link to this press release, the companies have requested approval to divest the properties listed below under three sale agreements, to KAG, LLC, which, prior to the closing of the transaction, will be a subsidiary of NorthStar Memorial Group, LLC.
The first sale agreement includes: Graceland Memorial Park North, Miami, Florida, and Graceland Memorial Park South, Miami, Florida. The second sale agreement includes: Memorial Park Cemetery, Memphis, Tennessee; Memorial Park Funeral Home, Memphis, Tennessee; and Spring Hill Funeral Home and Cemetery, Nashville, Tennessee. The third sale agreement includes: Beth David Memorial Gardens and Chapel, Hollywood, Florida; Levitt-Weinstein Memorial Chapel, Pembroke Road, Hollywood, Florida; Levitt-Weinstein Memorial Chapel, Coconut Creek, Florida; Levitt-Weinstein Memorial Chapel, North 72nd Ave., Hollywood, Florida; Levitt-Weinstein Memorial Chapel, Tamarac, Florida; Blasberg Rubin Zilbert Memorial Chapel, Miami Beach, Florida; Eternal Light Funeral Chapel, North Miami Beach, Florida; Levitt-Weinstein Memorial Chapel, North Miami Beach, Florida; Cardwell & Maloney Funeral Home, Port Orange, Florida; Skyway Memorial Gardens, Palmetto, Florida; Fort Myers Memorial Gardens, Fort Myers, Florida; and Fort Myers Memorial Gardens Funeral Home, Fort Myers, Florida.
The FTC is seeking public comments on the proposed divestitures for 30 days, until February 8, 2007, after which it will decide whether to approve them. Comments should be sent to: FTC, Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, DC 20580. (FTC File No. 061-0156, Docket No. C-4174; the staff contact is Elizabeth A. Piotrowski, Bureau of Competition, 202-326-2623, see press release dated November 22, 2006.)
Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.
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