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FTC Seeks More Details In Oil Refiner Merger

Law360 (October 11, 2006, 12:00 AM EDT) -- As federal regulators maintain a watchful eye over possible anti-competitive practices in the oil industry, the Federal Trade Commission is seeking more information on a prospective merger that would create the fourth-largest publicly traded independent oil refiner in the United States.

The two companies, Western Refining Inc. and Giant Industries Inc., said in a joint statement on Tuesday that they have received a request for additional information from the FTC in connection with Western's pending $1.23 billion cash acquisition of Giant.

The companies noted that “requests...
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