Amazon/Whole Foods wins Merger Control Matter of the Year - Americas at GCR Awards 2018
Amazon/ Whole Foods won merger control matter of the year - Americas at the GCR Awards 2018, beating nominees including Walgreens Boots Alliance/Rite Aid and Danone/White Wave.
BMFBovespa/CETIP, CenturyLink/Level 3, Amazon/Whole Foods Danone/White Wave, Johnson & Johnson/Actelion, Smiths/Morpho and Walgreens Boots Alliance/Rite Aid were all shortlisted for the merger control matter of the year - Americas award.
But it was Amazon’s takeover of Whole Foods that ultimately took the award. When the deal was announced in June 2017, it sparked concerns over job losses and higher prices. A group of congressional democrats urged the US Department of Justice and FTC to undertake an in-depth review. While the union that represents many US grocery workers objected to the merger, alleging Amazon had a “monopolistic desire to control the retail market and replace good jobs with automation”, the FTC ultimately cleared the transaction – without taking it to in-depth review.
Counsel to Amazon
Sullivan & Cromwell
Partners Renata Hesse in Washington, DC, and Steven Holley in New York were assisted by associate Samantha Hynes in Washington, DC
Covington & Burling
Partner Thomas Barnett in Washington, DC
Blake, Cassels & Graydon
Partners Brian Facey, Micah Wood and Joshua Krane in Toronto were assisted by associate Julia Potter in Toronto
Counsel to Whole Foods
Wachtell, Lipton, Rosen & Katz
Partner Damian Didden in New York
Davies Ward Phillips & Vineberg
Partner Mark Katz in Toronto