In a case with important ramifications for merger enforcement, the FTC on Thursday upheld its ruling that Chicago Bridge & Iron Co. NV's $84 million acquisition of a unit owned by Pitt-Des Moines Inc. violated antitrust law. To restore competition, the commission ordered CB&I to take a highly unusual step: The company must create two separate companies from its industrial segment and divest one of those entities within six months.
January 10, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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