Assume that just before Chicago Bridge acquired its only U.S. competitor, a multinational company based in Indonesia
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Chicago Bridge & Iron Company designs and constructs industrial storage tanks for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and liquid atmospheric gases, such as nitrogen, oxygen, and argon (LIN/LOX), as well as thermal vacuum chambers (TVCs) for testing aerospace satellites. In these four separate markets, Chicago Bridge and another company, Pitt– Des Moines, Inc., have been the dominant firms. In 2001, Chicago Bridge acquired all of Pitt–Des Moines’s assets for $84 million. The Federal Trade Commission (FTC) charged that Chicago Bridge’s acquisition violated Section 7 of the Clayton Act and Section 5 of the Federal Trade Commission Act.
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Business Law Today The Essentials
ISBN: 978-0324786156
9th Edition
Authors: Roger LeRoy Miller, Gaylord A. Jentz
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