Question
hudson iron co. obtain all the assets for the design engineering and building of propane storage from Binghamton tank supply. Hudson and BTS were the
hudson iron co. obtain all the assets for the design engineering and building of propane storage from Binghamton tank supply. Hudson and BTS were the dominant suppliers of the tanks in the US. The federal trade commission ordered Hudson to dispose of the assets, charging that the acquisition would likely substantially lessen competition or trend to create monopoly in violation of the Clayton Act. Hudson alleged there were new companies that would compete, however because none had won a bid to construct a tank since BT's acquisition, customers were not aware of the new companies, and so Hudson continued to get contracts without bidding.
Hudson went to court against the FTC's ruling. How do you think the court ruled?
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