CRA economists advised counsel to Norbord, an oriented strand board manufacturer, throughout the Department of Justice (DOJ) review of its acquisition of Ainsworth Lumber Co. Ltd. The DOJ cleared the merger unconditionally, just a few months after announcing its intentions to challenge a similar transaction in the same industry.
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...