Every merger analysis would be different in terms of looking at the particular facts at play. We would aim generally to define a market and look at the relevant metrics of concentration for a potential exercise of market power. If we were looking at upstream issues and the potential for exercise of market power over the purchase of an input, we would look at all relevant metrics to assess concentration and remaining competitors in that market for the purchase of an input.
On June 1st, 2023. See this statement in context.