CRA economists provided economic advice to Komatsu Mining Corp. in connection with its acquisition of Joy Global in representations before the US Department of Justice and foreign antitrust agencies. The merging parties manufacture industrial mining vehicles and equipment. Andrew Dick led the team that included Yianis Sarafidis and Andrea Asoni.
Pivotality: A sound new theory of harm in horizontal mergers?
In its review of the Novelist/Aleris merger, the European Commission relied upon a novel pivotality theory of harm, where pivotality indicates that competitors...