FTC Approves Final Order Requiring Divestitures of Hundreds of Retail Gas and Diesel Fuel Stations Owned by 7-Eleven
By Space Coast Daily // November 14, 2021
The Commission vote to approve the final order was 3-0-1
(FEDERAL TRADE COMMISSION) – Following a public comment period, the Federal Trade Commission has approved a final order settling charges that 7-Eleven’s acquisition of Marathon’s Speedway subsidiary violated federal antitrust laws.
According to the modified complaint, the acquisition harmed competition for the retail sale of fuel in 292 local markets across Arizona; California; Florida; Illinois; Indiana; Kentucky; Massachusetts; Michigan; North Carolina; New Hampshire; Nevada; New York; Ohio; Pennsylvania; Rhode Island; South Carolina; Tennessee; Utah; Virginia, and West Virginia.
The Commission modified the complaint to remove a single divestiture location that no longer presents a competitive concern as one of the party assets is exiting the market independent of the acquisition.
The modified final order requires, among other conditions, that 7-Eleven, Inc., and Marathon divest 124 retail fuel outlets to Anabi Oil, 106 outlets to Cross America Partners, and 62 outlets to Jacksons Food Stores.
The order also prohibits 7-Eleven from enforcing any non-compete provisions as to any franchisees or employees working at or doing business with the divested assets.
The Commission vote to approve the final order was 3-0-1, with Chair Lina M. Khan not participating.
The Federal Trade Commission works to promote competition and protect and educate consumers. You can learn more about how competition benefits consumers or file an antitrust complaint.