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Antitrust challenges to mergers very often turn on how the enforcement agencies and the courts define the "relevant markets" affected by the merger. Market analysis entails a highly fact-specific inquiry into various economic factors, yet still remains as much an art as a science. The difficulties with market analysis have recently taken center stage in the government's attempt to block Oracle Corp.'s hostile bid for PeopleSoft Inc.
July 15, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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