Case Description
The Plaintiff States, jointly with the Federal Trade Commission (FTC), sought to enjoin the merger between BP and Amoco. It was alleged that the proposed merger would effectively reduce competition or create a monopoly in the sale of gasoline in the marketplace. In order to proceed with the $53 billion merger and maintain a viable, competitive market, BP and Amoco were required by the FTC to divest nine storage terminals across the Southeast & Midwest. They also sold off 134 gas stations and were required to give 1600 independent gas station owners the option of switching brands. Affected States joined in the consent.
See also Ohio v. British Petroleum et al.
