Article: New Jersey, New York Sell-Off Needed for Exxon-Mobil Merger Approval.

Knight Ridder/Tribune Business News

Nov. 24 -- Mobil will be forced to sell off all its New Jersey stations and Exxon will have to do the same in New York to gain government approval for their $81 billion merger, an oil industry newsletter reports.

The two oil industry giants could be forced to shed as many as 2,400 stations, or 15 percent of their nationwide networks of 15,700 stations, to win approval from the Federal Trade Commission, The Oil Express said in this week's edition.

Included are 1,510 Mobil stations in New Jersey, Pennsylvania, Delaware, Maryland, Virginia, and Washington, D.C., and 520 Exxon outlets in New York and New England. ...

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