Federal Register/Vol. 70, No. 193/Thursday, October 6, 2005
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Federal Register / Vol. 70, No. 193 / Thursday, October 6, 2005 / Notices 58411 2. Fortune Financial Corporation, the voting shares of Community West requesting that any comment filed in Arnold, Missouri; to become a bank Bancshares, Goleta, California, and paper form be sent by courier or holding company by acquiring 100 thereby indirectly acquire voting shares overnight service, if possible, because percent of the voting shares of of Community West Bank, National U.S. postal mail in the Washington area FortuneBank, Arnold, Missouri (in Association, Goleta, California. and at the Commission is subject to organization). 2. Fortune Financial Corporation, delay due to heightened security Board of Governors of the Federal Reserve Arnold, Missouri; to become a bank precautions. Comments that do not System, October 3, 2005. holding company by acquiring 100 contain any nonpublic information may Robert deV. Frierson, percent of the voting shares of instead be filed in electronic form as Deputy Secretary of the Board. FortuneBank, Arnold, Missouri (in part of or as an attachment to email messages directed to the following email [FR Doc. E5–5490 Filed 10–5–05; 8:45 am] organization). box: [email protected]. BILLING CODE 6210–01–S Board of Governors of the Federal Reserve System, October 3, 2005. The FTC Act and other laws the Commission administers permit the Robert deV. Frierson, collection of public comments to FEDERAL RESERVE SYSTEM Deputy Secretary of the Board. consider and use in this proceeding as [FR Doc. E5–5491 Filed 10–5–05; 8:45 am] Formations of, Acquisitions by, and appropriate. All timely and responsive Mergers of Bank Holding Companies BILLING CODE 6210–01–S public comments, whether filed in paper or electronic form, will be The companies listed in this notice considered by the Commission, and will have applied to the Board for approval, FEDERAL TRADE COMMISSION be available to the public on the FTC pursuant to the Bank Holding Company Web site, to the extent practicable, at Act of 1956 (12 U.S.C. 1841 et seq.) [File No. 051 0115] http://www.ftc.gov. As a matter of (BHC Act), Regulation Y (12 CFR part The Procter & Gamble Company and discretion, the FTC makes every effort to 225), and all other applicable statutes The Gillette Company; Analysis of remove home contact information for and regulations to become a bank Agreement Containing Consent Orders individuals from the public comments it holding company and/or to acquire the receives before placing those comments to Aid Public Comment assets or the ownership of, control of, or on the FTC Web site. More information, the power to vote shares of a bank or AGENCY: Federal Trade Commission. including routine uses permitted by the bank holding company and all of the ACTION: Proposed consent agreement. Privacy Act, may be found in the FTC’s banks and nonbanking companies privacy policy, at http://www.ftc.gov/ owned by the bank holding company, SUMMARY: The consent agreement in this ftc/privacy.htm. including the companies listed below. matter settles alleged violations of FOR FURTHER INFORMATION CONTACT: The applications listed below, as well federal law prohibiting unfair or Norman Armstrong, Jr., Bureau of as other related filings required by the deceptive acts or practices or unfair Competition, 600 Pennsylvania Avenue, Board, are available for immediate methods of competition. The attached NW., Washington, DC 20580, (202) 326– inspection at the Federal Reserve Bank Analysis to Aid Public Comment 2072. indicated. The application also will be describes both the allegations in the SUPPLEMENTARY INFORMATION: Pursuant available for inspection at the offices of draft complaint and the terms of the to section 6(f) of the Federal Trade the Board of Governors. Interested consent order—embodied in the consent Commission Act, 38 Stat. 721, 15 U.S.C. persons may express their views in agreement—that would settle these 46(f), and § 2.34 of the Commission writing on the standards enumerated in allegations. Rules of Practice, 16 CFR 2.34, notice is the BHC Act (12 U.S.C. 1842(c)). If the DATES: hereby given that the above-captioned proposal also involves the acquisition of Comments must be received on or before October 29, 2005. consent agreement containing a consent a nonbanking company, the review also order to cease and desist, having been ADDRESSES: includes whether the acquisition of the Interested parties are filed with and accepted, subject to final nonbanking company complies with the invited to submit written comments. approval, by the Commission, has been standards in section 4 of the BHC Act Comments should refer to ‘‘Procter & placed on the public record for a period (12 U.S.C. 1843). Unless otherwise Gamble, et al., File No. 051 0115,’’ to of thirty (30) days. The following noted, nonbanking activities will be facilitate the organization of comments. Analysis to Aid Public Comment conducted throughout the United States. A comment filed in paper form should describes the terms of the consent Additional information on all bank include this reference both in the text agreement, and the allegations in the holding companies may be obtained and on the envelope, and should be complaint. An electronic copy of the from the National Information Center mailed or delivered to the following full text of the consent agreement Web site at http://www.ffiec.gov/nic/. address: Federal Trade Commission/ package can be obtained from the FTC Unless otherwise noted, comments Office of the Secretary, Room 159–H, Home Page (for September 30, 2005), on regarding each of these applications 600 Pennsylvania Avenue, NW., the World Wide Web, at http:// must be received at the Reserve Bank Washington, DC 20580. Comments www.ftc.gov/os/2005/09/index.htm. A indicated or the offices of the Board of containing confidential material must be paper copy can be obtained from the Governors not later than October 31, filed in paper form, must be clearly FTC Public Reference Room, Room 130– 2005. labeled ‘‘Confidential,’’ and must H, 600 Pennsylvania Avenue, NW., comply with Commission Rule 4.9(c). Washington, DC 20580, either in person A. Federal Reserve Bank of St. Louis 1 16 CFR 4.9(c) (2005). The FTC is or by calling (202) 326–2222. (Glenda Wilson, Community Affairs Public comments are invited, and may 1 Officer) 411 Locust Street, St. Louis, The comment must be accompanied by an be filed with the Commission in either Missouri 63166-2034: explicit request for confidential treatment, including the factual and legal basis for the request, 1. First Banks, Inc., Hazelwood, and must identify the specific portions of the Commission’s General Counsel, consistent with Missouri; to acquire an additional 8.52 comment to be withheld from the public record. applicable law and the public interest. See percent, for a total of 24.99 percent, of The request will be granted or denied by the Commission Rule 4.9(c), 16 CFR 4.9(c). VerDate Aug<31>2005 19:52 Oct 05, 2005 Jkt 208001 PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 E:\FR\FM\06OCN1.SGM 06OCN1 58412 Federal Register / Vol. 70, No. 193 / Thursday, October 6, 2005 / Notices paper or electronic form. All comments Consistent with the well-established supplier of men’s AP/DOs under its Old should be filed as prescribed in the approach to merger analysis, we have Spice brand. ADDRESSES section above, and must be determined the appropriate product Gillette, based in Boston, received on or before the date specified markets in which to analyze the likely Massachusetts, is also one of the world’s in the DATES section. competitive effects of the proposed leading suppliers of consumer products. merger. Staff initially examined whether Gillette had total worldwide net sales of Analysis of Agreement Containing the combination of the two companies’ approximately $10.5 billion in its 2004 Consent Order to Aid Public Comment broad array of consumer products fiscal year. Like P&G, Gillette is one of I. Introduction would be likely to have anticompetitive the leading suppliers of oral care effects, including not only increased products in the United States with its The Procter & Gamble Company (‘‘P&G’’) and The Gillette Company prices in the short term but also the Oral-B and Oral-B Braun line of (‘‘Gillette’’) are both leading suppliers of creation of entry barriers that could manual, battery-powered, and consumer products worldwide. P&G affect price and innovation in the long rechargeable toothbrushes, and its Oral- B Rembrandt and Rembrandt line proposes to acquire Gillette. The Federal term. In particular, staff investigated of at-home teeth whitening products. Trade Commission (‘‘Commission’’) has whether the combined entity would Gillette is also a leading supplier of accepted, subject to final approval, an have an increased ability to exploit its men’s AP/DOs under its Right Guard Agreement Containing Consent Orders position as a so-called ‘‘category and Gillette Series brands. (‘‘Consent Agreement’’) from P&G and manager’’ or ‘‘category captain,’’ in Gillette. The purpose of the Consent order to obtain premium retailer shelf III. At-Home Teeth Whitening Products Agreement is to remedy the space and potentially exclude or disadvantage competitors in various One of the relevant markets in which anticompetitive effects that would to assess the competitive effects of the otherwise result from P&G’s proposed broad categories, like oral care or AP/ DO. Proposed Acquisition is the United acquisition. Under the terms of the States market for at-home teeth Consent Agreement, the parties will be The investigation has disclosed, whitening products. At-home teeth required to divest: (1) Gillette’s however, that most retailers do not look whitening products whiten teeth by Rembrandt at-home teeth whitening at broad categories, like oral care and bleaching them with either hydrogen or TM business; (2) P&G’s Crest SpinBrush AP/DO, when they decide which carbamide peroxide.