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FINDINGS OF FACT
Some of the facts have been stipulated and are so found.
A. Petitioners, Their Predecessors, Furukawa, and Sumitomo
1. The Framatome Companies
Petitioner Framatome US is a New York corporation, the
principal place of business of which was in Connecticut when the
petitions were filed. Framatome S.A., a French company, owned
100 percent of FCI, another French company, which owned 100
percent of Framatome US during the years in issue.
Framatome S.A. designed, sold, built, and serviced nuclear
power units. Framatome S.A. decided to diversify. Around 1988,
Framatome S.A. formed FCI to acquire and hold businesses which
manufactured electrical and electronic connectors. Electric
utility companies use electrical connectors to connect cables or
wires. Manufacturers use electronic connectors in machines,
appliances, computers, and electronic products. FCI formed
Framatome US in 1988 to acquire all of the outstanding shares of
Burndy-US (described next) and its subsidiaries, which
manufactured electrical and electronic connectors.
2. Burndy-US
Burndy-US was a predecessor corporation of Framatome US and
Framatome Connectors USA Holding, Inc. Burndy-US manufactured
electrical and electronic connectors before 1989.
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