Commission approval of proposed divestiture:
The Commission has granted an application for approval of a divestiture from the following: Exxon Mobil Corp. Under a consent order entered into with the Commission on November 30, 1999, Exxon Mobil agreed to divest certain assets as part of its proposed merger. The proposed transaction involves the divestiture of Exxon's northeastern marketing assets and Mobil's mid-Atlantic marketing assets to Tosco Corporation.
The vote to approve the divestiture application was 4-0, with Commissioner Thomas B. Leary recused. (FTC File No. 991-0077; Docket No. C-3907; staff contact is Daniel P. Ducore, 202-326-2526; see press release dated November 30, 1999.)
Copies of the documents mentioned in this release are available from the FTC's web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580; 877-FTC-HELP (877-382-4357); TDD for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.