Post-Merger Ruling Reminds Cos. To Close With Care

Law360, New York (February 13, 2008, 12:00 AM EST) -- On Jan. 25, 2008, the U.S. Court of Appeals for the Fifth Circuit denied a petition by Chicago Bridge & Iron Company N.V. (“CBI”) to review an administrative decision issued by the Federal Trade Commission (“FTC” or the “Commission”).[1]

The FTC’s administrative decision held that CBI’s acquisition of the Water Division and the Engineered Construction Division of Pitt-Des Moines Inc. (“PDM”) violated Section 7 of the Clayton Act and Section 5 of the FTC Act, and ordered divestiture.

The Fifth Circuit’s decision upholds the FTC’s administrative...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.