Common Ownership of Competitors Raises Antitrust Concerns

Schmalz, Martin C. and Azar, Jose (2017) Common Ownership of Competitors Raises Antitrust Concerns. Journal of European Competition Law & Practice, 8 (5). pp. 329-332.

Abstract

Many natural competitors have become jointly held and
partially controlled by a small number of investors over
the past two decades. For example, five institutions (BlackRock, Vanguard, State Street Global Advisers, Fidelity, and Berkshire Hathaway) now make up four out of the top five beneficial owners of each of America’s largest banks. The largest seven beneficial owners of American Airlines hold 49.56 per cent of the shares—and
each one of them is also among the largest ten investors in
American’s direct competitors.

Item Type: Article
Keywords: finance
Subject(s): Finance
Date Deposited: 08 Jan 2019 15:12
Last Modified: 08 Jan 2019 15:12
Funders: n/a
URI: http://eureka.sbs.ox.ac.uk/id/eprint/7222

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