Summary
Maine's attorney general and the Federal Trade Commission have blocked a planned acquisition by Irving Oil Terminals that officials said could have led to higher gasoline prices in Maine.
The federal and state agencies announced this week that they will not allow Irving to buy ExxonMobil's petroleum terminals in South Portland and Bangor, along with the 124-mile pipeline that connects them.See the full content of this document
Extract
No Deal: They Could Push Gas Prices Higher.
Completion of the purchase, which was announced in November 2009, would have violated merger laws and reduced competition in southern Maine and in ...
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