Tag: Horizontal

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The Federal Trade Commission will require Irving Oil Terminals Inc. and Irving Oil Limited (collectively, Irving) to relinquish the rights to terminal and pipeline assets in Maine that Irving acquired from ExxonMobil, to maintain competition in gasoline and distillates terminaling services in the...
The Federal Trade Commission and Department of Justice issued today revised Horizontal Merger Guidelines that outline how the federal antitrust agencies evaluate the likely competitive impact of mergers and whether those mergers comply with U.S. antitrust law. These changes mark the first major...
The Federal Trade Commission is requiring Pilot Corporation, owner of the largest travel center network in the United States, to sell 26 locations as part of a settlement that will replace the competition lost because of Pilot’s proposed $1.8 billion acquisition of Flying J Inc.’s travel center...
The Federal Trade Commission today announced a unanimous vote to issue an administrative complaint challenging the proposed $85 million acquisition of Newpark Environmental Services by CCS Corporation, and to authorize staff to file a complaint in federal district court seeking a temporary...
In light of the parties’ abandonment of their proposed transaction, the Federal Trade Commission today announced its approval and issuance of an order dismissing the agency’s 2007 administrative complaint challenging Equitable Resources, Inc.’s (Equitable) proposed acquisition of The Peoples...
The Federal Trade Commission today announced it will not continue with administrative litigation challenging Western Refining, Inc.’s acquisition of Giant Industries, Inc. The vote to dismiss the administrative complaint was 3-2, with the Commission majority issuing a statement explaining its...
The Federal Trade Commission’s Bureau of Economics Director Michael Salinger testified today before the U.S. Senate Committee on the Judiciary about the FTC’s January 2006 closure of its investigation into the proposed acquisition by Comcast Corporation and Time Warner Cable Inc. (TWC) of the...
Two consent orders announced by the Federal Trade Commission today both resolve the competitive concerns about Chevron Corporation’s (Chevron) proposed $18 billion acquisition of Unocal Corporation (Unocal), and settle the Commission’s 2003 monopolization complaint against Unocal alleging...
The Federal Trade Commission today announced that Enterprise Products Partners L.P. (Enterprise) has agreed to make several divestitures to settle allegations that the $13 billion merger of Enterprise and GulfTerra Energy Partners L.P. (GulfTerra) would harm competition.
Under the terms of a consent agreement with the Federal Trade Commission announced today, Magellan Midstream Partners, L.P. (Magellan) will be able to complete its proposed $492.4 million acquisition of selected pipeline and terminal assets from Royal Dutch Petroleum Company (Shell), provided it...
Under the terms of a consent agreement with the Federal Trade Commission announced today, Buckeye Partners, L.P. (Buckeye) will be permitted to complete its proposed $517 million acquisition of selected refined petroleum pipelines and terminals from Shell Oil Company (Shell). To protect competition...
By a 5-0 vote, the Federal Trade Commission today closed its investigation of Sunoco, Inc.’s (Sunoco) proposed acquisition of the El Paso Corporation’s Coastal Eagle Point Oil Company (Coastal). As part of its acquisition of Coastal, Sunoco, which owns three refineries in the greater Philadelphia...
Resolving its competitive concerns regarding the proposed $6 billion merger of petroleum refiners Valero Energy Corporation (Valero) and Ultramar Diamond Shamrock Corporation (Ultramar), the Federal Trade Commission today announced a proposed consent order that would allow the transaction to...
Through a proposed consent agreement reached with the Federal Trade Commission and announced today, the $45 billion merger of Chevron Corp. (Chevron) and Texaco Inc. (Texaco), two of the world's largest integrated oil companies, would be allowed to proceed, with significant divestitures required to...
The Federal Trade Commission has accepted a proposed consent order that would remedy the likely anticompetitive effects of the proposed $27 billion merger of BP Amoco p.l.c. (BP Amoco) and Atlantic Richfield Company (ARCO). Under the terms of the order, BP Amoco would be required to divest all of...
The Federal Trade Commission announced today that it has accepted a proposed settlement of charges that Exxon Corporation's acquisition of Mobil Corporation would violate federal antitrust laws. The FTC alleged that the acquisition would significantly injure competition in the markets for refining...
Monier Lifetile LLC will sell production facilities in Arizona, California and Florida to CRH PLC to settle Federal Trade Commission charges that the formation of Monier Lifetile, a joint venture between Boral Ltd. and LaFarge S.A., violated antitrust laws by combining the two largest producers of...

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