In a $22 billion trans-Atlantic merger in the auto industry, CRA’s expert was hired by plaintiffs to conduct a valuation analysis and opine on the value of the merging firms at the closing date, the value of potential merger synergies, and the valuation effects of different merger exchange ratios. The CRA expert’s valuation analyses resulted in a positive outcome for the client and one of the largest settlements paid in a shareholder class action at the time.
Unpacking market power: Why industry prices fell following a merger
The article “Estimating industry conduct using promotion data,” published in the RAND Journal of Economics by CRA’s Christian Michel, with Jose Manuel Paz y...