Tuesday, June 19, 2007

Whole Foods memo said merger would avoid price war

(Reuters) - WASHINGTON, June 19 - The chief executive of Whole Foods Market Inc. told his board of directors the $565 million acquisition of rival Wild Oats Markets Inc. would avoid "nasty price wars" in several markets, according to a federal court filing unsealed on Tuesday.



The comments were included in a complaint filed by the U.S. Federal Trade Commission in its lawsuit challenging Whole Foods' planned takeover of Wild Oats on grounds the deal would hobble competition and increase prices to consumers.


Read more at Reuters.com Government Filings News

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