DoJ investigates potential price-fixing in PVC pipe market

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Financial Times 4d ago

DoJ investigates potential price-fixing in PVC pipe market - Financial Times

Quick Summary:

Municipal water pipes and conduit pipes used to house electrical cables are commodity products typically sold in a variety of dimensions by distributors.

It warned investors that an antitrust violation could have a “material impact” on its financial condition, and said it “believes that there are factual and legal defences to the allegations in the complaints and intends to defend itself accordingly”.

Otter Tail’s share price has dropped 14 per cent since the ManBear report, to $81.34 on Friday morning.