FTC Requires Divestitures For $2B Flying J Deal

Law360, New York (June 30, 2010, 7:17 PM EDT) -- The Federal Trade Commission said Wednesday that Pilot Travel Centers LLC's $1.8 billion acquisition of bankrupt Flying J Inc.'s travel center network would reduce competition for certain long-haul trucking fleets, and that it is therefore requiring Pilot to make divestitures.

Under a settlement agreement, Pilot will sell 26 locations — which provide diesel, food, parking and other amenities for truckers — to Love’s Travel Stops & Country Stores.

“The proposed settlement will resolve the competitive concerns resulting from Pilot’s acquisition of Flying J’s travel center business,...
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