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US FTC requires Casey’s General to divest assets as part of acquisition of Bucky's

( April 28, 2021, 20:33 GMT | Official Statement) -- MLex Summary: Casey’s General Stores and Bucky's have agreed to divest retail fuel assets in local gasoline and diesel fuel markets across two states to settle US Federal Trade Commission claims that Casey’s proposed acquisition would violate federal antitrust law. Casey’s will divest six retail fuel outlets, three Casey’s outlets and three Bucky’s outlets, to Western Oil II and its affiliate Danco II. The FTC’s complaint alleged that without a remedy, the acquisition would reduce the number of competitors to three or fewer in seven local markets in Nebraska and Iowa.Statement follows in full. ...

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