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- Title
VERTICAL THEORY OF HARM IN A HORIZONTAL MERGER: THE FRIESLAND FOODS/CAMPINA CASE.
- Authors
Kamphorst, Jurjen J.A.; Pruzhansky, Vitaly
- Abstract
In December 2008, the European Commission (EC) cleared the proposed merger between the two largest dairy cooperatives in the Netherlands. The transaction raised several interesting economic issues that were hotly debated during the EC investigation. In this article, we review the EC's proposed theory of harm relating to the impact of the merger on the market for raw milk in the Netherlands and the ability of the parties' competitors to source raw milk (a critical input) post-merger. We show that the EC's theory is unlikely to be supported by economic theory and facts of the market.
- Subjects
FRIESLAND (Netherlands); NETHERLANDS; HORIZONTAL merger; EUROPEAN Commission; POST-acquisition integration (Mergers); ECONOMICS; RAW milk
- Publication
Journal of Competition Law & Economics, 2012, Vol 8, Issue 2, p417
- ISSN
1744-6414
- Publication type
Article
- DOI
10.1093/joclec/nhs009