Good to see the Feds finally cracking some greedhead skulls by sacking up and opposing a megamerger. Ummm, wait a sec…
FTC wants to stop Wild Oats/Whole Foods deal
New Mexico Business Weekly
2:47 PM MDT Tuesday, June 5, 2007
The Federal Trade Commission says it will sue to stop a pending merger between rival natural foods grocers Wild Oats Markets Inc. and Whole Foods Market Inc.
Boulder, Colo.-based Wild Oats (NASDAQ: OATS) has agreed to be acquired by Austin, Texas-based Whole Foods (NASDAQ: WFMI). The deal was announced in February. Wild Oats said Tuesday it was informed the FTC will file a federal lawsuit to block the acquisition. (Story.)
You simply must be kidding me, right? (More…)