Phillips Petroleum's $7 billion acquisition of Tosco Corp. is expected to win antitrust approval, though legal experts said the oil companies are unlikely to meet their goal of closing the deal in the third quarter. The Federal Trade Commission's current investigation of Chevron's acquisition of Texaco and the expected departure of FTC Chairman Robert Pitofsky will likely complicate the review process.
February 06, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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