Alcoa was the leading producer of aluminum conductors in the United States, with 27.8 percent of the

Question:

Alcoa was the leading producer of aluminum conductors in the United States, with 27.8 percent of the market. Alcoa acquired Rome Electric, which had 1.3 percent of the market. Rome ranked ninth among all companies in the aluminum conductor market. The Justice Department sued, claiming a violation of Section 7 of the Clayton Act and asking for a divestiture by Alcoa. What was the result? Explain.