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| Agency: Federal Trade Commission
Date: 18 June 2018 |
Last month, the FTC began accepting public comments on ACT’s application to divest three fuel stations in Minnesota and Wisconsin. The divestitures are required under the FTC’s Feb. 16, 2018 final order settling charges that ACT’s proposed acquisition of Holiday Companies would violate federal antitrust law.
Under the terms of the order, ACT and its affiliate, CrossAmerica Partners LP, or CAPL, are required to divest 10 retail fuel stations within 120 days after the issue date of the order. The order also requires ACT and CAPL to maintain the economic viability, marketability, and competitiveness of each station until the divestiture is complete.
The Commission will decide whether to approve the application after a 30-day public comment period, which expires on July 18, 2018. Comments can be filed electronically or sent to: FTC Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington. (FTC File No. 1710184; the staff contact is Elizabeth Piotrowski, Bureau of Competition, 202-326-2623.)
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