Transactions
Jul. 24, 2015
Horizontal shareholding as an antitrust violation
For years, seven shareholders controlled 60 percent of United Airlines as well as big chunks of several competitors. Antitrust violation? By Einer Elhauge
An economic blockbuster has recently been exposed. A small group of institutions has
acquired large shareholdings in horizontal competitors throughout our economy, causing
them to compete less vigorously with each other. For example, from 2013-15, seven
shareholders who controlled 60 percent of United Airlines also controlled big chunks
of United's major rivals, including 27.5 percen...
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