Why The Tesoro-BP Deal Withstood Antitrust Scrutiny
Law360, New York (June 20, 2013, 12:37 PM EDT) -- In a time of ongoing concern over historically high retail gasoline prices, suppose you heard that a company proposed to sell its only California CARB-gasoline producing oil refinery to the owner of two large oil refineries in the state? Suppose the proposal also included transferring over 600 low-price retail gasoline station supply contracts, when the purchasing company already owns a set of low-price retail gasoline stations. Finally, the transaction also includes the only crude oil marine terminal capable of off-loading very-large crude carriers (VLCCs) and the acquirer also owned one of a very small number of crude-oil capable marine terminals in...
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