Whole Foods Agrees To Sell Stores In Deal With FTC

Law360, New York (March 6, 2009, 12:00 AM EST) -- After an expensive and time-consuming two-year brawl, the Federal Trade Commission and Whole Foods Market Inc. have reached an agreement regarding the grocer's acquisition of rival Wild Oats Markets Inc.

Under the deal announced Friday, Whole Foods will sell 13 stores, some of which have closed, and the intellectual property of Wild Oats, including unrestricted rights to the Wild Oats brand. The grocer will also sell leases and assets for 19 stores that have already been closed.

“Over the past two years we never wavered in...
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