Whole Foods Says Regulators Questioning Acquisition

Law360, New York (May 11, 2007, 12:00 AM EDT) -- Whole Food Market IP LP has disclosed that antitrust regulators are concerned about its proposed $700 million acquisition of rival grocery store Wild Oats Markets Inc.

In an earnings report and press release Wednesday, Whole Foods said that the Federal Trade Commission had not yet decided whether to challenge the deal.

However, “members of the FTC staff have voiced concerns regarding perceived anti-competitive effects resulting from the proposed tender offer and merger,” it said.

Whole Foods said that any further comment it made regarding the deal...
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