For the US subsidiaries of merging cement producers HeidelbergCement AG and Italcementi S.p.A., CRA economists supported counsel through the FTC’s Second Request process and developed economic analyses to support the parties’ affirmative arguments that the transaction should not raise competitive effects concerns in certain metropolitan areas. Later in the investigation, the CRA team helped develop arguments in favor of the viability of a proposed divestiture package, which was eventually approved by the FTC as a condition of the merger. Yianis Sarafidis, Andrew Dick, and Jeff Prisbrey co-led CRA’s team which included Paul Labys, Powell Dixon, Jack Anderson, Trevor Graney, and Ioana Tesliuc.
CRA engagements win in 2024 GCR Awards
The high-profile acquisition of Activision by Microsoft, which CRA Competition’s teams advised on was named overall Matter of the Year, as well as Matter of...