CRA was retained by NewPage, a major producer of coated printing and magazine paper, to assist in securing antitrust clearance from US and Canadian authorities for NewPage’s proposed acquisition of Stora Enso Oyj’s North American paper manufacturing operations. CRA’s economists assisted NewPage by developing economic arguments and preparing empirical analyses to demonstrate that the transaction would not affect competition in North American paper markets. The merger was allowed to proceed with no divestitures.
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...