GO
Loading...

Enter multiple symbols separated by commas

FTC Suing to Block Whole Foods Buyout of Wild Oats Markets

Wild Oats Markets said that the U.S. Federal Trade Commission will file a lawsuit to block its acquisition by Whole Foods Market and that the companies will challenge the opposition.

On May 22, Whole Foods , the largest natural and organic grocer, extended its tender offer for Wild Oats for a third time, even though enough shares have been tendered, as it waited to hear whether U.S. regulators would challenge the deal.

In February, Whole Foods said it planned to buy smaller rival Wild Oats for $18.50 a share, or about $565 million, to compete better with other grocers selling organic and natural fare.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.