Markets Wired

The Federal Trade Commission is currently accepting public comments on an application by Alimentation Couche-Tard Inc., or ACT, to divest seven fuel stations in Minnesota and Wisconsin to Molo Oil Company and Twin City Petroleum.

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.)

The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about how competition benefits consumers or file an antitrust complaint. Like the FTC on Facebook, follow us on Twitter, read our blogs and subscribe to press releases for the latest FTC news and resources.