1 edition of Case Studies of Merger Activity in the Defense Industry Since 1993 found in the catalog.
Case Studies of Merger Activity in the Defense Industry Since 1993
1997 by Storming Media .
Written in English
|The Physical Object|
Hence, the term "opportunity costs" used by economists. We also seek information from firms that have tried to achieve similar efficiencies through less anticompetitive means, such as joint ventures or temporary teaming arrangements. Paul McGrath, the AAG at the time, said that the parties had provided "very persuasive evidence that the combined operation of several plants could have, and indeed should have, and probably would have resulted in substantial cost savings" and that this "was a factor that led to the Department's approval of a restructured transaction. Donald Turner, when he was Assistant Attorney General, put a young economist by the name of Oliver Williamson to work on this issue.
In Malta, the sale of Maltacom to Emirates International Telecommunications EITa government-owned joint venture in Dubai, has resulted in both an improvement in the efficiency of the company — now called GO plc — and the development of a new information technology IT village designed to host top international IT companies, which was part of the deal. This growth has also resulted in intensifying competition in the banking market, creating pressure on other banks to expand in the same way and leading to further rounds of merger activity. Orbital ATK makes launch vehicles and their propulsion systems, missile technology, defense electronics, precision weapons, armament systems and ammunition. The defense industry Task Force concluded that "as a matter of law, as well as expertise and experience, the antitrust agencies bear responsibility for determining the likely effects of a defense industry merger on the performance and dynamics of a particular market and whether a proposed merger should be challenged on the grounds that it may violate the antitrust laws.
The requirement that efficiencies are likely to occur is a difficult hurdle. Having defined cognizable efficiencies, the revisions next address the issue of how these cognizable efficiencies will be taken into account in the competitive effects analysis. The Czech Republic case is similar to the Slovenian one, except that it involves an insurance company rather than an automotive enterprise. This paper also shows the influence the Guidelines have had winning judicial acceptance of the importance of efficiencies in determining whether a merger is likely substantially to lessen competition. There are several unusual aspects of entry analysis in the defense industry.
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Consolidation can occur in ways that protect the major buyer of weapons systems from the creation of market power in its supplier base.
Alliant Techsystems Inc. Cognizable efficiencies were defined by three characteristics: "Cognizable efficiencies are  merger-specific efficiencies that  have been verified and  do not arise from anticompetitive reductions in output or service.
The best example was the International Harvester case, which accepted what some called a "flailing company" defense. But time may be running out.
The revision defined "merger-specific" efficiencies as "efficiencies likely to be accomplished with the proposed merger and unlikely to be accomplished in the absence of either the proposed merger or another means having comparable anticompetitive effects.
This final point requires further emphasis. Identifying a relevant geographic market requires a similar analysis. First, the court held that the FTC had produced "insufficient evidence" to prove that Poplar Bluff was a separate geographic market and not part of a broader Southeastern Missouri market.
In this case, therefore, Bauer Publishing, a German newspaper and periodical publisher and owner of a radio station, acquired Interia. Long Island Jewish Medical Center. Antitrust policy looks to the process of market competition as its principal means for promoting an efficient allocation of society's scarce resources.
Still, with the budget uncertainty in Washington "it's going to be hard to get things done. Prime contractors' efforts to The effort of the prime contractors to lay off staff, close facilities, and conduct share buybacks has "been rewarded, it's been holding in place," he said.
The merger created a firm with market shares, both in the U. The majority of recent merger challenges in the defense industry have been based on a unilateral anticompetitive effects theory.
The other company chose to rapidly integrate two competitors with an expectation that the culture of the acquired organization would be assimilated into the culture of the new owner. If anticompetitive effects are not likely, the Commission will not challenge the transaction.
The case studies were written based on 23 personal interviews with current and previous employees in a range of positions at both companies.
Identifying a relevant geographic market requires a similar analysis. Hence, the term "opportunity costs" used by economists. This is a preview of subscription content, log in to check access.
The inquiry typically is whether foreign firms should also be included.The end of the Cold War produced major changes in the U.S. defense sector. More than 2 million defense workers, military personnel, and civil servants have lost their jobs.
This book attempts illustration of in-depth inorganic growth strategies through case studies of 19 companies spanning across 14 different industries. The table provided lists the case studies in the book and relates them to the conceptual framework, giving the. Case Studies. Case 1: Turbo Technology Sales.
This highly visible company had $ million in annual sales, and took over a $90 million dollar technology firm with an eye to industry consolidation. Many of the company’s customers were major industry leaders and the M & A integration needed to be implemented without disruption to sales.
Mar 24, · Merger & acquisition with case study 1. Presentation on: Mergers and Acquisitions 2. WHAT IS MERGER? A merger is a combination of two or more companies where one corporation is completely absorbed by another corporation. WHAT IS ACQUISITION?
Acquisition essentially means ‘to acquire’ or ‘to takeover’. Apr 21, · With the increase in defense industry consolidations due to "sequester" and other budgetary constraints and the renewed focus on merger and acquisition activities by the DOJ and FTC, this is a good time to revisit some of the regulatory requirements related to these activities.
Aerospace and defense mergers and acquisitions trends In the aerospace and defense industry, mergers and acquisitions (M&A) as we know them have recently changed. Instead of megamergers for the purpose of cost savings and synergies, current aerospace and defense M&A activity focuses on acquisitions that deliver new products and offer expansion.