News Briefs

  Sivan 20, 5766 , 16/06/06

Supreme Court Upholds Ban on Dor Alon-Sonol Merger

(IsraelNN.com) The Supreme Court has overturned a lower court decision which would have allowed the Dor Alon and Sonol energy companies to merge despite objections by the government's anti-trust authority.

The three-judge panel said it is not explaining its reasoning because of the "special circumstances of the companies themselves" and because of present conditions in the energy market. The anti-trust authority said the merger would restrict competition. Dor Alon is a relatively new company that spearheaded self-service fuel stations and reduced prices for fuel.
Other archived news briefs:Jun 16 2006, 09:48 AM, 6/16/2006