Economics 3366A/B Study Guide - Quiz Guide: Investment Banking, Strategic Alliance
22 Sep 2020
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Sum of the squares of the market shares. Relevant are absolute number & delta (= difference; post-merger minus pre-merger) Guidelines on assessment of horizontal mergers: hhi < 1000, hhi 1000 2000, delta < 250, hhi > 2000, delta < 150 (and markets shares less than or equal to 25%) Guidelines on assessment of non-horizontal mergers: hhi < 2000 (and market shares < 30%) Undertaking which is jointly controlled by two or more other undertakings. Joint control" parents can veto strategic decisions: if no veto power, there is no joint venture. Full function concentrative cooperative jvs. If yes: procedural advantages of concentration regulation (fast & final decision) Always (if thresholds reached: no strict deadlines anymore but, after conclusion of agreement, announcement of public bid, acquisition of controlling test , prior to implementation (comp. to new state aid) Draft agreements or intended public bids may also be notified. Succinct publication in official journal reactions.
