"In an unusual move, the Federal Trade Commission is trying to disrupt the merger of natural-foods grocers Whole Foods Market Inc. and Wild Oats Markets Inc. after the deal has already been consummated. The FTC is asking a Washington appellate court to review a federal-district court ruling in August that allowed the $565 million deal to proceed. The agency, which opposes the combination on antitrust grounds, is asking for an expedited ruling. Its appeal is considered a long shot."I know I said it back in June, but I still do not see why this deal should not be allowed to go through despite the idiotic comments made by the CEO.
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Wednesday, October 24, 2007
FTC Appeals to Court to Undo Whole Foods-Wild Oats Merger - WSJ.com
FTC Appeals to Court to Undo Whole Foods-Wild Oats Merger - WSJ.com:
They really are pushing this too far. Their case was weak to begin with and if the FTC is able to brake WFM and WO apart now it will be a terrible blow to these companies.
ReplyDeleteI have to wonder if any of these people have shopped in a Safeway recently. The idea that Whole Foods has a unique niche is crazy. All they have is better execution than the older markets. Great execution and a beaten down union free crew is what WFM has going for it not some unique market they control.