Further to our report from Wednesday morning on Judge Pan’s rejection of PRH introducing evidence of their projected efficiencies and synergies after the merger, we can now present you with full documentation. The preceding discussion is remarkable on its own, as you can view the judge’s frustration with the defense attorney. Then her actual ruling, which was quite detailed and designed to withstand scrutiny, since it’s likely to be an element of an appeal if it comes to that, is also worth reading and presented here (comprising 24 pages of transcript). Efficiencies discussion Efficiencies ruling
