Whole Foods CEO's Words Give FTC Ammo

Law360, New York (June 20, 2007, 12:00 AM EDT) -- A federal judge on Tuesday unsealed the complaint filed by the Federal Trade Commission to block Whole Foods Market Inc.'s proposed $675 million acquisition of Wild Oats Markets Inc., a move that revealed the regulator's plans to use the words of Whole Foods' CEO as a weapon to stop the deal.

According to the FTC's complaint, Whole Foods CEO John Mackey told the company's board of directors: “By buying [Wild Oats] ... we eliminate forever the possibility of Kroger, Super Value, or Safeway using their brand...
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