FTC SEEKS TO DE-MERGE WHOLE FOODS AND WILD OATS
The FTC just won’t give it up. David Kesmodel at the Wall Street Journal is reporting that the FTC is attempting to disrupt the merger between Whole Foods and Wild Oats after the deal was already struck.
In a strange twist, the agency 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. David calls the appeal “a long shot.”
At this point, it seems like it’s a personal matter for the FTC. They already failed to win the preliminary injunction, but are refusing to give it up.
The read the entire story, click here.
In a strange twist, the agency 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. David calls the appeal “a long shot.”
At this point, it seems like it’s a personal matter for the FTC. They already failed to win the preliminary injunction, but are refusing to give it up.
The read the entire story, click here.
posted at 12:52 PM
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