CRA economists advised counsel to General Electric on the acquisition of Alstom’s power and grid business. The $13.5 billion deal was reviewed by the US Department of Justice and the European Commission who required Alstom to divest certain heavy duty gas turbine business assets in Europe and the US. CRA advised Arnold & Porter throughout the DOJ’s review and in Europe, advised counsel to GE, Skadden, Arps, Slate, Meagher & Flom.
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...