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Tri Star Energy and Hollingsworth Oil, In the Matter of

08/14/2020 | 02:03pm EDT
Tri Star Energy and Hollingsworth Oil, In the Matter of
Last Updated: August 14, 2020
Case Status:
Pending
In the Matter of Tri Star Energy, LLC, a limited liability company; Hollingsworth Oil Company, Inc., a corporation; C & H Properties, a general partnership; and Mr. Ronald L. Hollingsworth, a natural person.
FTC Matter/File Number:

201 0074

Docket Number:

C-4720

Enforcement Type:

Part 2 Consents

Case Summary

Tri Star Energy, LLC, Hollingsworth Oil Company, Inc., C & H Properties, and Ronald L. Hollingsworth, which operate fuel outlets and convenience stores, agreed to settle FTC charges that Tri Star's acquisition of retail outlets and related interests of Hollingsworth would violate antitrust law. The complaint alleges that the proposed acquisition would harm competition for both retail gasoline sales and retail diesel fuel sales in the two local markets of Whites Creek, Tennessee and Greenbrier, Tennessee. Under the proposed consent agreement, Tri Star would be required to divest to Cox Oil Company, Inc. retail fuel assets in Whites Creek and Greenbrier within 10 days after Tri Star completes the acquisition. On August 14, 2020, the Commission announced it had approved the final consent order in this matter.

Disclaimer

Federal Trade Commission published this content on 14 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2020 18:02:08 UTC


© Publicnow 2020
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