Mergers & Acquisitions

Since the adoption of the 1982 US merger guidelines, the use of economic concepts and tools has played an increasingly important role in merger control. Other jurisdictions including the European Community have adopted similar frameworks for evaluating mergers. As a result, competition authorities worldwide have widened the scope of their analyses to incorporate empirical analyses, including econometrics and merger simulation, to assess market definition and competitive effects as well as a more detailed analysis of merger-specific efficiencies and of the extent to which cost savings are passed through to final consumers.

LECG economists are frequently called upon by the world’s leading businesses, governments and institutions to provide sophisticated economic analysis and focused insight into the competitive implications of mergers and acquisitions. We provide economic analysis to internal and external legal advisors, internal business people, enforcement agency economists, and investment bankers that collaborate on these transactions.


Sample Areas of Focus
• market definition
• horizontal and vertical effects
• analysis of efficiencies
• design of remedies

Main Area Of Expertise

• Antitrust issues associated with proposed transactions
• Econometric and simulation techniques
• Efficiencies from proposed transactions
• Entry conditions analysis
• Market definition analysis
• Potential competitive effects from mergers
• Coordinated interaction
• Unilateral effects
• Response to antitrust enforcement agency information requests
• Strategic implications of proposed transactions for the merging parties

Representative Engagements

• Advice in Preparation for Listing on Singapore Stock Exchange
• Advice Regarding Cinven's MBO/LBO
• Advisory in the Merger between Tom-Tom and Tele-Atlas

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