Neil Averitt commentary: The subtle but bad misuse of the term ‘cost synergies’

Washington, D.C. (August 6, 2019) -- The term “cost synergies” is being misused in ways that can distort antitrust analysis, and it should be reined in. The concept of synergy should be reserved for mergers combining different types of assets to create something truly new. The term doesn’t properly apply to simple mergers of similar assets that just permit greater scale economies....

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