Mergers - Case 12

Magna/Karmann: Expert opinion on claim of collective dominance in the convertible roof top systems industry

Planned merger between Magna and Karmann. We produced an expert opinion that critically analyses the prohibition decision by the German Federal Cartel Office (FCO) on behalf of Magna, a manufacturer of convertible roof top systems. The FCO was concerned about a high likelihood of collusion in the market post-merger. In our expert report, we conduct an economic analysis of the role of customer statements and stress the possibility for customers to take measures against hypothetical increases in prices.