Exercise 1: Horizontal, vertical, or conglomerate? - For each of the prohibitions below, discuss whether you would classify it as a horizontal, vertical, or conglomerate merger; and what you think may be one key theory of harm.1 a) b) Siemens / Alstom (2019)This merger would have combined Siemens' and Alstom's rail transport equipment and service activities in a new company fully controlled by Siemens. It would have brought together the two largest suppliers of various types of railway and metro signalling systems, as well as of rolling stock in Europe. Both companies also have leading positions globally. Hyundai / Daewoo Shipbuilding (2022)Hyundai Heavy Industries Holdings and Daewoo Shipbuilding & Marine Engineering are global leaders in the construction of large liquified natural gas (LNG) carriers, and two of the three largest players in a concentrated market. These carriers are essential in the LNG supply chain. Illumina / GRAIL (2022)|llumina is the key supplier of next-generation sequencing (NGS) technology for genetic and genomic analysis. GRAIL relies on these NGS systems to develop its early cancer detection tests based on a small blood sample. Although GRAIL is making little to no revenue, its innovations are considered to be a potential game changer in the fight against cancer