CRA advised parties to the merger of Hammerson and Grand Central Shopping Centre, two adjoining shopping centers in Birmingham. The CMA cleared the merger unconditionally at Phase 1, finding other retailers in Birmingham City Centre would provide sufficient competitive restraint post-merger. CRA economists provided economic assistance to support the merger, including an analysis of the two-sided (tenants and shoppers) nature of the market and the design of a customer survey. CRA’s team was led by Alan Overd and included Vicki Mertzanidou and Angelos Stenimachitis.
When the relevant market is your work force: How labor law may inform M&A
Antitrust laws prohibit firms from restricting competition in both product and labor markets. However, government officials have focused most of their...