Government
May 21, 2013
Attorney general's office, FTC sign off on Tesoro purchase of BP refinery, gas stations
The California attorney general's office approved, subject to various conditions, Tesoro Corp.'s $2.5 billion acquisition of major BP plc assets in Southern California after investigating its impact on competition and gas prices.
Daily Journal Staff Writer
The California attorney general's office approved Tesoro Corp.'s $2.5 billion acquisition of major BP plc assets in Southern California, subject to various conditions, after a nine-month investigation into the deal's impact on competition and gas prices.
The Federal Trade Commission separately closed its investigation into the purchase Friday, saying the acquisition of the oil refinery...
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