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to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the … current EU merger control regime) invites sneaky takeovers: Acquiring firms strategically use PPOs prior to a full merger …
Persistent link: https://www.econbiz.de/10009788178
The Intercontinental Exchange's current attempted acquisition of NYSE-Euronext is the third takeover proposal in as many years. In this article the two previous attempts are reviewed and lessons are drawn from an antitrust and competition policy perspective concerning the evolving competitive...
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The 1914 Clayton Act prohibited any acquisition whose effect may be to “substantially” lessen competition. International Shoe defined § 7's word “substantially” by saying that an acquisition's effect is “substantial” only if it “will injuriously affect the public.” This paper...
Persistent link: https://www.econbiz.de/10013015129
This article looks at the distribution of two EC merger procedural events and examines the effect of the indefinite …-length suspension of merger investigations. Although the ECMR refers to the suspension of investigations as an exceptional instrument … result of merging parties' negligence towards the regulatory assessment of their merger. Whereas the first case may be …
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following a merger. No merger should be unconditionally cleared if it involves a large amount of users' data. The chapter …
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This paper examines whether cartel breakdown provokes a period of intensive merger activity amongst the former …
Persistent link: https://www.econbiz.de/10013034353