Thursday, August 23, 2007

Update on Whole Foods/Wild Oats

The district court judge sided with Whole Foods and Wild Oats against the FTC in the FTC's attempt to block their merger. The court found that Whole Foods and Wild Oats are competing with most other supermarkets, rather than just with each other. But not so fast… The FTC filed an appeal, and the Court of Appeals issued a temporary injunction blocking the merger until the appeal can be heard.