Increasing Focus On Competition In Energy Markets

Law360, New York (May 4, 2007, 12:00 AM EDT) -- On April 10, 2007, the Federal Trade Commission (FTC) approved a complaint in opposition to Western Refining Inc.’s (Western) acquisition of Giant Industries Inc. (Giant).

The proposed acquisition, which is valued at approximately $1.4 billion, would combine two of the five bulk suppliers of light petroleum products to northern New Mexico.

The FTC voted 5-0 to initiate the complaint and the agency’s staff has been authorized to seek a preliminary injunction and temporary restraining order.

In the complaint, the Commission alleges that consummation of the merger...
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