Monday, July 30, 2007

Whole Foods to court to defend Wild Oats takeover

(Reuters) - Lawyers for the two companies will square off against the
Federal Trade Commission, which is asking U.S. District Judge
Paul Friedman to block the deal on the grounds it would hurt
competition in the organic grocery market.




Antitrust experts say much may depend on the words of Whole
Foods' own chief executive, who told his board in e-mails that
the deal was designed to avert price wars with Wild Oats and
head off competition with mainstream supermarkets.


Read more at Reuters.com Government Filings News

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