Smiled

BP Amoco-ARCO Pairing Finally Gets FTC Nod

The Federal Trade Commission finally smiled upon the merger ofBP Amoco and ARCO yesterday, accepting sweeping divestitures inAlaska as assurance the companies’ pairing will not beanti-competitive. The merger was first announced just over a yearago (see Daily GPI, April 5, 1999).

April 14, 2000