After Lawsuit, Whole Foods Swallows Wild Oats

Law360, New York (August 28, 2007, 12:00 AM EDT) -- Whole Foods Market Inc. bought Wild Oats Markets Inc. on Monday after a prolonged battle with the U.S. Federal Trade Commission over concerns that the merger of the country's two largest natural food stores would hinder competition.

Whole Foods said it accepted all of the shares tendered for $18.50 a share. Technically, a subsidiary of Whole Foods Market will merge with Wild Oats Markets, and Wild Oats Markets will become a wholly-owned subsidiary of Whole Foods Market.

"While closing this merger has taken longer than we...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.