HP/Samsung Electronics Ltd.

Compass Lexecon was retained by counsel for HP Inc. to evaluate the competitive effects associated with HP’s acquisition of the worldwide printer business from Samsung Electronics, Ltd., and to develop economic support for expediting regulatory approval in the United States. Both HP and Samsung are leading suppliers of printers sold in the U.S. and worldwide, and compete across a wide array of different types of printers and price points. The Compass Lexecon team headed by Mark Israel, Rick Flyer and Kirupa Ramaiah assisted HP’s outside counsel, led by Steve Sunshine and Maria Raptis of Skadden, Arps, Slate, Meagher & Flom LLP. Most notably, despite the scale, technological capabilities and brand recognition of the two merging printer businesses, the U.S. Federal Trade Commission allowed the transaction to proceed during the initial HSR review period, without issuing a Second Request. Although regulatory approval has been granted in the U.S., the transaction is currently awaiting approval in other jurisdictions.