FTC says April 13 it has cleared merger of BP Amoco, ARCOARCO’s Alaska assets to be sold to Phillips Petroleum; ARCO’s Cushing, Okla., pipeline interests to be divested Petroleum News Alaska
The Federal Trade Commission said April 13 that it had accepted a proposed consent order that would remedy the agency’s concerns about likely anticompetitive effects of the proposed $27 billion merger of BP Amoco p.l.c. and Atlantic Richfield Co. Under terms of the order, BP Amoco will divest all of....
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Resolve competitive concerns Divesture complete within six months
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