Alaska Can Join Arco Case.A federal judge ruled that the oil-rich state of Alaska Alaska (əlă`skə), largest in area of the United States but third smallest (exceeding only Vermont and Wyoming) in population, occupying the northwest extremity of the North American continent, separated from the coterminous United States could intervene intervene v. to obtain the court's permission to enter into a lawsuit which has already started between other parties and to file a complaint stating the basis for a claim in the existing lawsuit. in support of BP Amoco and Atlantic Richfield Co. in the Federal Trade Commission's lawsuit lawsuit: see procedure; tort. to block a proposed $27 billion merger of the oil companies. Alaska had argued that as the state most influenced by BP's proposed takeover of Los Angeles-based Arco, it should be allowed to participate in the FTC's legal action to prevent the deal. Earlier this month, the commission sued to block the takeover, contending it would constitute a monopoly that could selectively raise prices for consumers of Alaska North Slope Alaska North Slope or Arctic North Slope, region, N Alaska, sloping from the Brooks Range N to the Arctic Ocean. In 1968 large petroleum reserves were found in the Prudhoe Bay area. crude. |
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