Economists from CRA’s Competition Practice advised CF Industries, the US producer of nitrogen-based fertilizer products on its acquisition of OCI, creating the largest publicly traded nitrogen company. OCI is a global distribution company based in the Netherlands. The CRA team provided detailed empirical analyses on competition in US fertilizer markets during the FTC investigation.
New vertical merger test
In vertical mergers, antitrust agencies often focus on the merging firms’ incentives to foreclose inputs to rivals when analyzing competitive effects. Less...