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Phillips Petroleum Corp. closed Monday on its $9.3 billion acquisition of Tosco Corp. after the Federal Trade Commission said it would not challenge the oil industry merger on antitrust grounds. This is the first of the recent "Big Oil" deals where the companies did not have to sell significant assets to secure regulatory approval.
September 17, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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