FTC Requires Tesoro to Sell Petroleum Terminal as a Condition for Acquiring Chevron Assets

Oil refiner Tesoro Corporation and one of its subsidiaries have agreed to sell their light petroleum products terminal in Boise, Idaho to settle Federal Trade Commission charges that their $335 million acquisition of pipeline and terminal assets from Chevron Corporation would be anticompetitive.  Without the divestitures required by the FTC, the deal would have given […]