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California attorney general files action to stop Valero Energy terminals deal

( July 20, 2017, 19:05 GMT | Official Statement) -- MLex Summary: California Attorney General Xavier Becerra announced on Thursday an action against Valero Energy's proposed acquisition of two terminals in the San Francisco area from Plains All American Pipeline, which it previously divested in 2005, citing competitive concerns. "I believe that this proposed acquisition would suffocate open competition in the area and raise gas prices for hardworking Californians," said Becerra. Statement follows in full. ...

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