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Amazon says FTC should take new chair off its cases
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Amazon says FTC should take new chair off its cases - Netscape Money & Business
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FTC officials say 7-Eleven purchase of Speedway chain likely illegal despite closing
05/15/2021 0:58
WASHINGTON (Reuters) -The completion of 7-Eleven s purchase of thousands of Speedway gas and convenience stores is potentially illegal and may raise competitive concerns in hundreds of local U.S. markets, two top U.S. Federal Trade Commission officials said as a dispute between the agency and companies broke into the open on Friday.
Marathon Petroleum Co, which owned the Speedway chain, and 7-Eleven, owned by Japan s Seven & I Holdings Co Ltd, announced Friday they had closed the $21 billion deal involving some 3,800 stores in 36 states. The parties have closed their transaction at their own risk. The Commission will continue to investigate to determine an appropriate path forward, said FTC acting Chairwoman Rebecca Slaughter and Rohit Chopra, a commissioner. Both are Democrats.
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