Assume that just before Chicago Bridge acquired its only U.S. competitor, a multinational company…

Assume that just before Chicago Bridge acquired its only U.S. competitor, a multinational company based in Indonesia announced that it intended to enter all four of the markets mentioned in this case. How might this announcement affect the reasoning behind this case, if at all?

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.

 

Looking for a Similar Assignment? Let us take care of your accounting classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Active Discount Code FREE20