logo
Share SHARE
FONT-SIZE Plus   Neg

FTC Accuses Ferrellgas, AmeriGas Of Collusion

Ferrellgas Partners, L.P. (FGP), a distributor of propane, Thursday said that following a lengthy and thorough investigation, the Federal Trade Commission concluded that the company's decision in 2008 to reduce the fill level in its Blue Rhino propane tanks from 17 pounds to 15 pounds was not the result of collusion.

However, the Federal Trade Commission decided to file an administrative complaint against the company for allegedly agreeing with AmeriGas Partners, L.P. (APU) to require Wal-Mart (WMT) to accept 15 pound tanks.

The company said these claims are without merit and it will vigorously contest them.

FGP closed down 1.1 percent at $23.03 on Thursday. APU closed up 1.7 percent at $42.32.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
German lender Commerzbank AG on Friday forecast a net loss for the second quarter of 2017, citing higher than expected restructuring charges related to the implementation of Commerzbank 4.0 strategy. Despite the higher restructuring charges, Commerzbank added that it does not expect to report a negative net result for financial year 2017. Senate Republicans released a draft of their version of legislation to repeal and replace Obamacare on Thursday, with a vote on the 142-page bill expected as soon as next week. The bill, called the Better Care Reconciliation Act, repeals Obamacare's individual and employer mandates as well as the... A local cable and broadband provider in Texas has filed a lawsuit against Comcast Corp., alleging that the cable giant and its contractors drove it out of business by severing its business cable lines after it rejected Comcast's buyout offer. The lawsuit was filed last week in Harris County, Texas, court by Anthony Luna, owner of Telecom Cable LLC.
comments powered by Disqus
Follow RTT