"Mergers : Recent Developments and Important Decisions"* In Price Waterhouse/Coopers & Lybrand, cleared on 20 May, the Commission examined the possibility that the proposed merger would create collective – oligopolistic or duopolistic - dominance, as well as the more usual concern over dominance by a single firm. The market in question was that for the supply of auditing and accounting services to large companies. This was found to be a distinct product market because for such companies, only accountancy and audit firms with very extensive resources and specialised expertise, wide geographic spread, and a strong reputation in the world’s financial markets, would be able to provide the nature and quality of service they required. For these customers, the market comprised few
The EU Commission clears a merger between two leading audit and accounting companies addressing the issue of possible collective dominance (Price Waterhouse / Coopers & Lybrand)
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