EL PASO, Texas & SCOTTSDALE, Ariz. -- Western Refining Inc. and Giant Industries Inc. said earlier this week that they have received a request for additional information from the Federal Trade Commission (FTC) in connection with Western's pending acquisition of Giant.
Requests for additional information are not unusual in connection with refinery transactions, the companies said. Western and Giant are working cooperatively with the FTC staff and intend to respond to the request in a timely manner. The companies do not expect the request to result [image-nocss] in a material delay in the closing of the transaction.
Western Refining, El Paso, Texas, is an independent crude oil refiner and marketer of refined products, operating primarily in the Southwest region of the United States, including Arizona, New Mexico and West Texas.
Giant, Scottsdale, Ariz., is a refiner and marketer of petroleum products. It owns and operates one Virginia and two New Mexico crude oil refineries; a crude oil gathering pipeline system based in Farmington, N.M., which services the New Mexico refineries; finished products distribution terminals in Albuquerque, N.M., and Flagstaff, Ariz.; a fleet of crude oil and finished product truck transports; and a chain of retail gas station/convenience stores in New Mexico, Colorado and Arizona. Giant is also the parent company of Phoenix Fuel Co. Inc. and Dial Oil Co., both of which are wholesale petroleum products distributors.
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