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Tag Archives: Federal Trade Commission

Dollar General's attempt to buy Family Dollar goes hostile

GOODLETTSVILLE, Tenn. — Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash. That offer was rejected last week by the company’s board, which has already accepted a deal ...

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State sues credit reporting firm Experian for alleged violations

JACKSON — The state of Mississippi has sued credit reporting giant Experian, alleging sweeping errors in the company’s data and routine violations of consumer protection laws. Mississippi’s action — and a previously unreported multi-state investigation of credit bureaus led by Ohio — represents a significant new legal challenge to the industry. Attorney General Jim Hood’s complaint against Experian Information Solutions ...

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FTC approves Franchise Services' sale of airport locations

RIDGELAND — Franchise Services of North America Inc. (FSNA) has released an update on the previously announced proposed sale of 22 airport concession agreements used by the company’s wholly-owned subsidiary, Simply Wheelz, LLC, which formerly did business as Advantage Rent A Car. The Federal Trade Commission has approved the sale of 12 of the locations to Avis Budget Car Rental, ...

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Attorney General comments on federal "mobile cramming" crackdown

JACKSON- Attorney General Jim Hood has joined with 39 other state and territorial attorneys general in sending comments to the U. S. Federal Trade Commission (FTC) about stopping mobile cramming, the placement of unauthorized third-party charges on mobile phones, Hood announced today. “This national problem continues to get worse,” Hood said. “We are determined to help wipe it out.” Like ...

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Vicksburg's Ameristar will remain Ameristar when sale goes final

In a business where property name changes are a good bet to follow ownership changes, it appears Vicksburg’s Ameristar Casino will maintain its long-standing identity when it merges with Pinnacle Entertainment later this summer. “There won’t be any name changes,” said Anthony Sanfilippo, chief executive officer of Pinnacle said following the company’s suitability and licensure hearing Thursday at the Mississippi ...

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Pinnacle resolves FTC complaint in purchase of Ameristar Casinos

The sale of Ameristar Casinos to Pinnacle Entertainment is ready to move forward after Pinnacle said it has reached a tentative agreement on a complaint by the Federal Trade Commission. The sale includes Ameristar in Vicksburg, which employs 800 at its 72,210-square-foot casino and hotel. In addition to Vicksburg, Ameristar owns and operates casino facilities in St. Charles near St. Louis, Mo.; ...

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Ameristar-Pinnacle deal slowed by FTC issues in Missouri, Louisiana

A complaint by the Federal Trade Commission has slowed Pinnacle Entertainment’s attempt to purchase Ameristar Casinos, which includes Vicksburg’s largest casino. The stockholders of Las Vegas-based Ameristar Casinos Inc. on April 25 approved the company’s planned acquisition by Pinnacle Entertainment, which had been disclosed in December. But Pinnacle is believed to be in talks with the FTC, which last week ...

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MBJ Editorial: If it sounds too good to be true, well, you know

As long as we pick up the phone or log onto a computer or empty our mailboxes, we have got to keep our guard up. Recently, the Mississippi Public Service Commission fined two companies — one in Arizona, the other in Florida — $15,000 each for violating Mississippi’s Do Not Call Law. That shield against solicitation has been a blessing ...

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FTC settles with Ticketmaster

WASHINGTON — The Federal Trade Commission (FTC) announced it has settled charges that Ticketmaster and its affiliates used deceptive bait-and-switch tactics to sell event tickets to consumers. Ticketmaster has agreed to pay refunds to consumers who bought tickets for 14 Bruce Springsteen concerts in 2009 through its ticket resale web site TicketsNow, and to be clear about the costs and ...

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