RETAIL VIEW: Whole Foods and Wild Oats conclude merger deal
RETAIL VIEW: Whole Foods and Wild Oats conclude merger deal
The U.S. Federal Trade Commission's efforts to stymie the merger of Whole Foods Markets Inc. and Wild Oats Markets Inc. were thwarted in late August when the U.S. Court of Appeals for the District of Columbia denied the FTC's request for a stay to delay the closing of the deal. The FTC had announced its opposition to the merger soon after it was announced earlier this year. On Feb. 21, Whole Foods agreed to purchase all outstanding shares of Wild Oats at a purchase price of $18.50 per share in cash. On June 6, the FTC filed a suit in the federal district court to block the proposed acquisition