Monday, July 30, 2007

Wild Oats Shares Rise

"Shares of Wild Oats Markets Inc., which operates a chain of organic and natural food stores, rose Monday, the day before the company must defend its deal to be bought out by Whole Foods Market Inc.

The deal has been lambasted by the Federal Trade Commission as being anticompetitive. The FTC has filed a complaint seeking to block the acquisition on antitrust grounds, saying Whole Foods (nasdaq: WFMI - news - people ) is attempting to stifle all competition in the natural and organic food sector."

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