The Car and Truck Fleet and Leasing Management Magazine

Minnesota Attorney General Wants FTC to Block Conoco, Phillips Merger

May 23, 2002

Minnesota Attorney General Mike Hatch made a plea May 22 to the U.S. Federal Trade Commission urging them to block the merger between Conoco Inc. and Phillips Petroleum Corp. According to WorldFuels.com, a Hatch spokeswoman confirmed that he feels the merger is anti-competitive and will lead to higher gasoline prices for local consumers. In addition, Hatch recently sent a letter to the FTC imploring them to block the merger, stating, “[s]omewhere along the line, we’ve got to put our foot down.”
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All
Sponsored by

Robert Ferraresso joined Motorlease Corporation in 1963 in the company’s maintenance department, and was promoted to maintenance manager, operations manager, and vice president before retiring in 2006 after 44 years with the company.

Read more

Up Next

More From The World's Largest Fleet Publisher