A Noteworthy Investigation Of An Acquisition In Alaska
December 5, 2012, 12:41 PM EST
Law360, New York (December 5, 2012, 12:41 PM EST) -- On Nov. 7, 2012, the Federal Trade Commission announced it had closed its investigation of Hilcorp Alaska LLC’s proposed $375 million acquisition of Marathon Oil Company’s Cook Inlet, Alaska natural gas production, storage and pipeline assets, despite identifying several competitive concerns with the transaction.
The FTC explained in a written statement that this unusual move was based upon the “unique circumstances” of the case, specifically, that the effects of the proposed acquisition are confined solely to consumers in Alaska and that the state of Alaska has...
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