FTC to Block Whole Foods-Wild Oats Deal

Wild Oats yesterday said it had been informed that the Federal Trade Commission would file a lawsuit in Federal District Court to block the proposed acquisition of the chain by Whole Foods Market, its Austin, Texas-based rival.

BOULDER, Colo. — Wild Oats here yesterday said it had been informed that the Federal Trade Commission would file a lawsuit in Federal District Court to block the proposed acquisition of the chain by Whole Foods Market, its Austin, Texas-based rival. “We disagree with the FTC’s position and believe it is without factual merit,” said Greg Mays, chairman and chief executive officer, Wild Oats, in a prepared statement. “We intend to cooperate with Whole Foods and to vigorously challenge the FTC i

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