FTC Requires Energy Investor ArcLight Energy Partners Fund to Divest Assets as a Condition of Acquiring Gulf Oil Limited Partnership from Cumberland Farms, Inc.

The Federal Trade Commission will require energy investor ArcLight Energy Partners Fund VI, L.P., to divest its ownership interest in four light petroleum product terminals in Pennsylvania, as part of a settlement resolving charges that ArcLight’s acquisition of Gulf Oil Limited Partnership from its parent company, Cumberland Farms, Inc., would likely be anticompetitive. Terminals serve […]