March 6, 2009
Partner Richard E. Donovan was quoted in a Competition Law360 article, "Whole Foods Agrees to Sell Stores in Deal with FTC."
The article discussed the agreement that the Federal Trade Commission and Whole Foods Market Inc. reached regarding the organic food store's acquisition of Wild Oats Markets Inc.
"Richard Donovan, a partner with Kelley Drye & Warren LLP, said businesses will carefully weigh FTC's opposition in the future.
"'What the FTC gets from this battle is some support for its position from the D.C. Circuit and some in theorem effect on future competitors contemplating a deal, who now have to give more weight to the likelihood of an FTC court challenge.'"