'Specified Consent' needed in Flying J/Pilot merger

rookietrucker · Nov 3, 2009

'Specified Consent' needed in Flying J/Pilot merger

One of the key components needed to complete the $4.5 billion merger between Flying J and Pilot is the Specified Consent from both ConocoPhillips and Shell Oil regarding the ownership and operation of jointly owned truck stops. These consents need to be obtained by Oct. 31 in order to extend the Exclusivity Period where Flying J agrees not to enter into discussions with other acquirers.

The relationship with ConocoPhillips and Shell also showcases another significant difference in the operating styles of Flying J and Pilot.

Flying J is a full-service operation catering to smaller fleets and owner-operators while Pilots focus is on larger, high volume fleets. Flying J also has a higher level of integration, controlling the companies that provide fuel cards and financial, insurance, and other services to its customers.

more here>> 'Specified Consent' needed in Flying J/Pilot merger

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Phoenix Smasher · Nov 8, 2009

Resistance is futile.

LoneCowboy · Nov 8, 2009

now that's funny.

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'Specified Consent' needed in Flying J/Pilot merger

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