Word: bp
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Dates: during 2000-2009
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This could get ugly. The heads of the FTC voted 3 to 2 Wednesday to block the pending merger of petroleum giants BP Amoco and ARCO. Though the FTC will no doubt deny it, it would appear that timing was the gasoline companies' problem as much as anything - they decided to combine just when the FTC had had its fill of oil company mergers. The commission spent good portions of 1998 and 1999 wrangling over whether to approve the $81 billion Exxon-Mobil merger, and have since indicated that the competitive playing field of gasoline vendors can't stand...