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Article: United States : Specified Consent needed in Flying J/Pilot merger.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
One of the key components needed to complete the $4.5 billion merger between Flying J and Pilot is the Specified Consent from both ConocoPhillips and Shell Oil regarding the ownership and operation of jointly owned truck stops. These consents need to be obtained by Oct. 31 in order to extend the Exclusivity Period where Flying J agrees not to enter into discussions with other acquirers.
The relationship with ConocoPhillips and Shell also showcases another significant difference in the operating styles of Flying J and Pilot.
Flying J is a full-service operation catering to smaller fleets and owner-operators while Pilot s focus ...