The Crittenden Automotive Library

Topics: Shell, Texaco

Announced Actions for September 4, 1998

Agency: Federal Trade Commission
Date: 4 September 1998
[Non-automotive content removed.]

Applications for approval of transactions: The FTC has received an application for approval of a transaction from the following. The FTC is seeking public comments on the application for 30 days, until October 5, 1998.

Shell Oil Company and Texaco Inc. have petitioned the FTC for approval to divest 29 Shell and Texaco service stations in San Diego County, California, to New West Petroleum Inc., and to divest Texaco's interest in a petroleum storage and distribution terminal and 27 Texaco service stations on the island of Oahu, Hawaii, to U.S. Restaurant Properties, Inc. The proposed divestitures are required under the terms of a final consent order with Shell and Texaco that requires the companies to divest assets to settle FTC charges that their proposed joint venture would violate federal antitrust laws. Comments on these applications should be addressed to the FTC, Office of the Secretary, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580. (See news releases dated June 11, 1998; April 22, 1998; December 19, 1997; Docket No. C-3803. Staff contact is Daniel P. Ducore, 202-326-2526.)

Copies of the documents referenced above are available from the FTC's web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-326-3128; TTY for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.

Media Contact:

Office of Public Affairs
202-326-2180