FTC Approves Final Order to Prevent Interlocking Directorate Arrangement, Anticompetitive Information Exchange in EQT, Quantum Energy Deal

Quantum and EQT are direct competitors in the production and sale of natural gas in the Appalachian Basin, the largest natural gas-producing region in the United States.

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/news/press-releases/2023/10/ftc-approves-final-order-prevent-interlocking-directorate-arrangement-anticompetitive-informationhttps://www.ftc.gov/news-events/news/press-releases/2023/10/ftc-approves-final-order-prevent-interlocking-directorate-arrangement-anticompetitive-information
Retrieved on: 
Monday, October 16, 2023
Information
Tags: 
Federal Trade Commission, FTC, Acquisition, Industry, Commission, Clayton Antitrust Act of 1914, Compliance, Blog, Quantum, Natural gas, Quantum Energy Partners, News, EQT, Social media, Sale
Geotags: 
UNITED STATES
Summary
Key Points: 
  • Quantum and EQT are direct competitors in the production and sale of natural gas in the Appalachian Basin, the largest natural gas-producing region in the United States.
  • The final order also requires Quantum to divest its EQT shares, prevents anticompetitive information exchange, unwinds a separate anticompetitive joint venture between the two entities, and imposes additional restraints to protect competition.
  • Following a public comment period, the Commission voted 3-0 to approve the final order.
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Copyright: 
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