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FTC Votes to Rescind 2020 Vertical Merger Guidelines | Hogan Lovells

FTC Votes to Rescind 2020 Vertical Merger Guidelines | Hogan Lovells
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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Exit Employment Agreement For Red Bank City Manager Tim Thornbury Is Finally Approved

Exit Employment Agreement For Red Bank City Manager Tim Thornbury Is Finally Approved
Wednesday, May 19, 2021 - by Gail Perry
At the fifth meeting about City Manager Tim Thornbury’s status in Red Bank, an amendment to the employment agreement between the city and Mr. Thornbury was approved. At the commission meeting Thursday night, despite repeated attempts by the mayor and vice mayor to alter the proposal, the vote was to accept it as written. The original contract between the city and Mr. Thornbury was entered into on Nov. 6, 2018 when the responsibilities of the city manager were added to his existing position as director of the public works department and building inspector. ....

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Stalemate at FTC Leads to Contested Merger Closing | Bracewell LLP

On May 14, 2021, despite not having obtained official approval from federal antitrust authorities, 7-Eleven Inc., the largest convenience-store chain in the U.S., took the highly. ....

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Stalemate at FTC Leads to Contested Merger Closing

Stalemate at FTC Leads to Contested Merger Closing
Thursday, May 20, 2021
On May 14, 2021, despite not having obtained official approval from federal antitrust authorities, 7-Eleven Inc., the largest convenience-store chain in the U.S., took the highly unusual step of closing its $21 billion purchase of the Speedway retail gasoline and convenience-store chain from Marathon Petroleum.
The parties announced the transaction in August 2020. After notifying the federal antitrust agencies of the deal pursuant to the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act), the parties received a request for additional information (known as a Second Request) from the Federal Trade Commission (FTC), as the agency’s initial review of the transaction raised potential competitive issues due to the companies owning competing convenience stores in numerous local geographic markets. Last week’s disputed closing followed an approximately nine month FTC investigation ....

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7-Eleven/Speedway: Bumps on the Road to Closing: Are Conventional Closing Conditions Sufficient to Protect Buyer Interests? | Cadwalader, Wickersham & Taft LLP

7-Eleven/Speedway: Bumps on the Road to Closing: Are Conventional Closing Conditions Sufficient to Protect Buyer Interests? | Cadwalader, Wickersham & Taft LLP
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