Claim efficiencies or offer remedies? An analysis of litigation strategies in EC mergers

► The paper provides an empirical analysis of firms' behaviour in merger litigation. ► It focuses is on the joint decision of disclosing evidence and making settlement offers. ► The experience of the legal advisor plays a key role in firms' litigation strategies. ► Pre-merger synergy expectations enhance the willingness to offer remedies. ► The cost of delay plays a central role in designing firms' litigation strategy.