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

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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.

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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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