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| Agency: Federal Trade Commission
Date: 18 July 2018 |
In May, ACT asked the Commission to approve divestiture of the fuel station, located at 1015 Geneva Ave. N., and two others in Minnesota to Andeavor Corporation. ACT now asks that the Commission instead approve the divesture of the Geneva Ave. retail fuel station to Twin City Petroleum & Property LLC.
Under the FTC’s Feb. 16, 2018 final order settling charges that ACT’s proposed acquisition of Holiday Companies would violate federal antitrust law, ACT is required to divest 10 fuel stations, seven in Minnesota and three in Wisconsin. In addition to requesting in May that the Commission approve the divestiture to Andeavor of three Minnesota fuel stations, in June, ACT requested that the Commission approve divestiture of four more stations in Minnesota and three in Wisconsin to Molo Oil Company and Twin City Petroleum.
The Commission will decide whether to approve this application after a 30-day public comment period, which expires on Aug. 17, 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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