The chief executive of Whole Foods Market Inc. told his board that if it bought its leading rival, Wild Oats Markets Inc., then Whole Foods would "eliminate forever" the possibility that anyone else could create a nationwide competitor in the natural and organic grocery business, government lawyers alleged in court document unsealed on Tuesday. This month, the Federal Trade Commission filed a federal lawsuit and won a temporary restraining order to block Whole Foods' purchase of Wild Oats Markets.
June 20, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The chief executive of Whole Foods Market Inc. told his board that if it bought its leading rival, the company would “eliminate forever” the possibility that anyone else could create a nationwide competitor in the natural and organic grocery business, government lawyers say.
Chief Executive John Mackey also said that buying Wild Oats Markets Inc. would let Whole Foods “avoid nasty price wars” in several cities where the two compete, the lawyers wrote in a court document unsealed on Tuesday.
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