FTC Requires Retail Fuel Station and Convenience Store Operator Alimentation Couche-Tard Inc. to Divest Up to 71 Fuel Stations as a Condition of Merger with Competitor CST Brands, Inc.
June 26, 2017
June 26, 2017
WASHINGTON, June 26 -- The Federal Trade Commission issued the following news release:
Retail fuel station and convenience store operator Alimentation Couche-Tard Inc. has agreed to divest up to 71 retail fuel stations with convenience stores to Empire Petroleum Partners in order to settle Federal Trade Commission charges that ACT's proposed $4.4 billion acquisition of competitor CST Brands, Inc. would violate federal antitrust law.
The divestiture order requires ACT t . . .
Retail fuel station and convenience store operator Alimentation Couche-Tard Inc. has agreed to divest up to 71 retail fuel stations with convenience stores to Empire Petroleum Partners in order to settle Federal Trade Commission charges that ACT's proposed $4.4 billion acquisition of competitor CST Brands, Inc. would violate federal antitrust law.
The divestiture order requires ACT t . . .