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ARTICLE · 13 MAY 2024

GT Newsletter | Competition Currents | May 2024

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In April, Global Partners LP announced an amendment to its transaction agreement with Gulf Oil Limited Partnership. The FTC and Maine Attorney General were concerned that the acquisition would limit competition...

United StatesAntitrust/Competition Law
Greenberg Traurig, LLP
Greenberg Traurig, LLP

United States

A. Federal Trade Commission (FTC)

1. FTC statement on amendment to Global Partners, Gulf Oil acquisition.

In April, Global Partners LP announced an amendment to its transaction agreement with Gulf Oil Limited Partnership. The FTC and Maine Attorney General were concerned that the acquisition would limit competition and lead to price increases for consumers of heating oil and diesel fuel in the Portland, Maine area. To resolve the FTC and the Office of the Maine Attorney General's antitrust concerns, the revised agreement provides that Gulf Oil petroleum terminal in South Portland, Maine will no longer be part of the transaction.

2. EU-US hold fourth Joint Technology Competition Policy Dialogue.

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