Wednesday, June 13, 2007

July 31 Showdown for Whole Foods

"The Federal Trade Commission will see Whole Foods and Wild Oats in court July 31 when the commission presents oral arguments in its preliminary injunction hearing rejecting the merger of the two natural foods companies.

Last week the commission filed a complaint in U.S. District Court in Washington, D.C. challenging Whole Foods' proposed acquisition of Wild Oats on the grounds that the transaction would violate antitrust laws by eliminating competition in the "premium natural and organic supermarket" industry. The commission also received a temporary restraining order preventing Whole Foods from buying any Wild Oats stock."


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