Tag Archives: Amanda L. Wait

DOJ Completes Review of Danone/WhiteWave Merger, Requires Divestitures

On April 3, 2017, the Antitrust Division of the U.S. Department of Justice announced that it completed its review of Danone S.A.’s acquisition of The WhiteWave Foods Company Inc. In order to allow the 12.5 billion dollar acquisition to proceed, the Antitrust Division is requiring Danone to divest the Stonyfield Farms business to an independent buyer approved by the U.S. government.… Continue Reading

Anheuser-Busch’s Deal Cleared in U.S.

The Department of Justice has cleared Anheuser-Busch InBev’s (“AB InBev’s”) acquisition of SABMiller. Approval of the $107 billion deal came with substantial divestitures, including SABMiller’s U.S. business. That business, which includes the Miller Lite and Miller High Life products, will be sold to Molson Coors for $12 billion. As part of the approval, AB InBev … Continue Reading

Staples-Office Depot Tie-Up Comes Unglued

On May 10, 2016, Judge Emmet Sullivan of the District Court of the District of Columbia held that the FTC had “met their burden” to show a reasonable probability that Staples’ acquisition of its rival, Office Depot, would likely cause competitive harm and that a preliminary injunction to halt the deal was in the public’s interest. Shortly after the court issued the preliminary injunction blocking the proposed merger, Staples announced that it was abandoning the transaction.… Continue Reading

Year in Review: M&A in the Retail Sector

With the economy in a modest recovery and with cheap financing readily available, M&A activity was at an all-time high in 2015. Surpassing the prior record of 4.3 trillion dollars in deals in 2007, 2015 saw M&A activity of 4.7 trillion dollars worth of transactions. The retail sector did more than its part to contribute to the M&A upswing. Convenience stores, pharmacies and consumer products saw a large volume of deal activity.… Continue Reading