The US government retained CRA’s expert in a merger between two tax preparation companies. After an extensive analysis of the companies’ proposed merger efficiencies, the CRA expert concluded that these efficiencies were either not merger-specific or not verifiable, or both. Ultimately the court agreed with CRA’s expert and the merger was blocked.
The Role of Uncertainty in the Future European Horizontal Merger Guidelines: Lessons Learned From Illumina/GRAIL
Under these circumstances, it is however not entirely clear how the future competitive landscape will look like, merger effects cannot be modelled with a high...