Law360 (June 25, 2021, 7:04 p.m. EDT) – The Federal Trade Commission on Friday approved the purchase of the already-consumed $ 21 billion Speedway by 7-Eleven after the companies tweaked a proposed regulation, but not without some bangs departure expressing frustration and lingering resentment within the agency over the companies’ decision to enter into the deal while an investigation was underway.
The deal to authorize the merger, approved in a 4-0 vote in which all-new FTC President Lina Khan did not participate, is virtually identical to a precedent reached between agency staff and companies that called for the divestiture of 293 stores to resolve overlap issues in the retail gasoline market.
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