Antitrust Law Daily Wrap Up, ANTITRUST NEWS: FTC seeks public comment on Tesoro Corporation’s application to divest Boise, Idaho terminal business, (Jan 7, 2014)

The FTC is seeking public comments on an application by Tesoro Corporation and Tesoro Logistics Operations LLC for approval to sell its petroleum terminal business and related assets in Boise, Idaho, to Sinclair Transportation Co., the agency announced. The divesture is required under a final FTC consent order approved in August 2013, allowing Tesoro to acquire Chevron Corporation’s Northwest Products Pipeline assets.

According to the FTC complaint filed in June 2013, the transaction would have significantly reduced competition and likely led to higher prices by giving Tesoro ownership of two of the three full service light petroleum terminals in Boise. Tesoro’s application states that approval of the divesture to Sinclair will restore the competition lost through its acquisition of the Chevron assets and Sinclair is currently prepared to operate the Boise terminal assets.

Public comments may be submitted until February 6, 2014. Written comments should be sent to: Federal Trade Commission Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, DC 20580. Comments can be submitted electronically.

News: Antitrust FederalTradeCommissionNews