Commission approval of proposed divestitures: Following a public comment period, the Commission has approved a petition for divestiture of two funeral homes pursuant to the modifying order issued in In re Service Corporation International (SCI), Docket No. 3869. The modifying order allowed SCI to foreclose on certain funeral home assets but required these assets be held separate and divested by a Trustee appointed by the Commission. Through the petition, a public version of which can be found on the Commission’s Web site and as a link to this press release, the Trustee requested approval for divestiture of the McMullen Funeral Home, in Columbia, Georgia, and the Colonial Funeral Home, in Phenix City, Alabama, to JCAM Holdings LLC, a company formed by the current operators of the funeral homes, the McMullen family. The FTC has now approved that request and extended the divestiture period under the modifying order to August 31, 2007.
The Commission vote to approve the proposed divestiture was 5-0. (FTC File No. 981 0353, Docket No. C-3869; the staff contact is Elizabeth A. Piotrowski, Bureau of Competition, 202-326-2623, see press release dated December 29, 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.