Mergers & Acquisition Analysis

An assessment of the likely competitive effects of a merger or acquisition requires careful application of economic theory to the facts of the industry and deal at hand, supported by relevant empirical analysis. Edgeworth economists specialize in linking theoretical insights with econometric studies. Moreover, we are known for communicating our results with clarity and credibility to not only agency economists, but also business executives, legal counsel, judges, and policymakers.

Edgeworth economists have decades of combined experience analyzing deals. We have provided economic support for M&A filings in various jurisdictions around the world, including the European Union, China, Canada, and the United States, and across a wide range of industries, from industrial chemicals to hard disk drives.

We have been at the forefront of thought leadership, including heavily cited published work in the areas of merger simulation and the econometric analysis of demand in differentiated products industries. Government agencies, including China’s Ministry of Commerce (MOFCOM) and the US Department of Justice (DOJ), have retained Edgeworth economists to assist in M&A review. We have been invited to speak on merger analysis by the US Federal Trade Commission (FTC), the DOJ, MOFCOM, the Directorate General for Competition of the European Union, and the Japan Fair Trade Commission.

Edgeworth can provide assistance with all phases of the M&A review process, including:

  • Analysis of the likely competitive effects of the deal
  • Assessment of merger-related efficiencies, integrated into the competitive effects analysis
  • Relevant market definition
  • Analysis of entry conditions
  • Pre-deal assessment of potential antitrust issues
  • Assistance preparing parties’ responses to Second Requests in the US
  • Assistance preparing parties’ international filings
  • Expert witness testimony in deal-related litigation

Representative matters include the Seagate acquisition of Samsung’s hard drive division, for which Edgeworth’s work was selected as the 2012 Matter of the Year by Global Competition Review

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Experience

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