Antitrust & Competition Economics

CRA economists advised counsel to Novartis throughout reviews of its three-part, $23 billion merger with GlaxoSmithKline. With the divestment of certain oncology drugs, the EC and FTC determined the deal would not hinder innovation and the development of new oncology drugs. CRA also advised Novartis on the sale of its animal health business to Eli Lilly.
CRA economists assisted Postmedia and Quebecor Media (QMI) throughout a review by the Competition Bureau. Ultimately, the agency decided not to challenge Postmedia’s $305.5 million acquisition of QMI’s English-language newspapers noting it is unlikely to lessen competition for advertising or readership in areas of overlap.
CRA economists advised counsel to Office Depot throughout a review by the US Federal Trade Commission (FTC) of its proposed $1.2 billion merger with OfficeMax. The FTC ultimately closed its Second Request investigation, noting that the merger is unlikely to lessen competition in the sale of consumable office supplies.

CRA’s Antitrust and Competition Economics practice is an acknowledged leader in providing economic analysis, advice, and testimony for antitrust and merger cases worldwide. Clients include government agencies, law firms, and corporations of all sizes. Some of our past merger engagements include work with parties to the Office Depot/OfficeMax, Texas Instruments/ National Semiconductor, and Google/Motorola Mobility Holdings transactions. We tailor our analyses to the facts of each case, employing tools such as merger simulation, upward pricing pressure analysis, econometrics, bargaining theory, or game theory as needed. Whether before a court or a regulatory agency, CRA consultants set a high standard for the clear communication of sophisticated economic analysis in complex cases. Learn more

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