overview of our Antitrust M&A practice Crowell & Moring has successfully handled the antitrust clearance of some of the largest and most complex mergers and acquisitions in recent history. We pride ourselves on guiding our clients through the review of their most important strategic transactions. Our track record of favorable outcomes speaks for itself. We have one of the largest and most active antitrust mergers and acquisitions practices around. It is not uncommon for our firm to handle several second requests and Phase II investigations each year, while working closely with the antitrust agencies in many cases to resolve matters in the initial waiting period. Our M&A practice takes clients from antitrust planning in the initial stages of a transaction through the premerger notification process (often in multiple jurisdictions globally), responding to second requests from the Federal Trade Commission or Department of Justice, or investigative demands by other national or state agencies, negotiating or litigating final resolution of antitrust issues, and representing clients in court proceedings to secure final approval of merger remedies.

We also counsel clients in a broad range of joint ventures, collaborations, and marketing and distribution alliances. Our strategy is to form long-standing client relationships and to invest in developing deep understanding of our clients’ businesses. We use that knowledge to identify transactions that are likely to attract significant scrutiny and to prepare our clients to manage the merger review process, rather than be managed by it. Where appropriate, we begin the advocacy process in advance, positioning the company to respond quickly to any demands for documents and information and to avoid delays to the transaction’s consummation.

We have deep experience working with the antitrust and competition agencies and, when necessary, are prepared to litigate a government challenge. contact us Wm. Randolph Smith Thomas De Meese Mary Anne Mason Michael G. Van Arsdall Antitrust Group Chair, Partner Partner Partner Senior Counsel wrsmith@crowell.com tdemeese@crowell.com mamason@crowell.com mvanarsdall@crowell.com 202.624.2700 +32.2.282.1842 202.624.2572 202.624.2782 Olivier N.

Antoine Shawn R. Johnson Joseph M. Miller Partner Partner Partner oantoine@crowell.com srjohnson@crowell.com joemiller@crowell.com 212.803.4022 202.624.2624 202.624.2809 Sean-Paul Brankin Lisa Kimmel Jeane A.

Thomas Partner Senior Counsel Partner sbrankin@crowell.com lkimmel@crowell.com jthomas@crowell.com +32.2.282.1830 202.624.2749 202.624.2877 Dr. Salomé Cisnal de Ugarte Arthur N. Lerner Ryan C.

Tisch Partner Partner Partner scisnaldeugarte@crowell.com alerner@crowell.com rtisch@crowell.com +32.2.214.2837 202.624.2820 202.624.2674 Crowell & Moring, LLP | January 2016 For more information about our Antitrust M&A practice, visit our website crowell.com. .