DEFENSIVE MERGERS
“[Seller] is the only existing company that has the brand and number of stores to be a meaningful springboard for another player to get into this space. Eliminating them means eliminating this threat forever, or almost forever.”
Buyer’s CEO to Board of Directors FTC v. Whole Foods Mkt., Inc., 548 F.3d 1028, 1045 (D.C. Cir. 2008)
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