Department of Justice and the European Commission Clear Grupo FerroAtlántica/Globe Specialty Metals Merger

Compass Lexecon teams in Washington, DC and Madrid supported Cravath, Swaine & Moore LLP, Uría Menéndez and Bowman Gilfillan, outside counsel for Grupo FerroAtlántica, and Latham & Watkins LLP, outside counsel for Globe Specialty Metals in seeking approval of Grupo FerroAtlántica’s proposed acquisition of Globe Specialty Metals from the United States Department of Justice (DOJ), the Competition Commission of South Africa, and the German Bundeskartellamt. The Compass Lexecon team performed numerous empirical analyses and joined counsel in presenting economic evidence to the DOJ and the Competition Commission of South Africa in meetings and in conference calls. After several months of review, the DOJ and other regulators concluded that the proposed merger would not harm competition in any relevant market and the merger was completed on December 23, 2015.

Compass Lexecon worked with Christine A. Varney, Julie A. North, Daniel Slifkin, Lillian S. Grossbard, and Sue Lin of Cravath, Swaine & Moore LLP, Edurne Navarro of Uría Menéndez and Jean Meijer of Bowman Gilfillan and Hanno Kaiser of Latham & Watkins LLP. The Compass Lexecon team in Washington, DC included Jon Orszag, Jay Ezrielev, and Michael Sabor, and our team in Madrid included Jorge Padilla, Elena Zoido, Soledad Pereiras, and Carolina Ortega.