Printer Friendly
The Free Library
4,546,613 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

The Federal Trade Commission.


The Federal Trade Commission (FTC) has unexpectedly revisited the acquisition of Wild Oats Markets by the larger natural foods retailer Whole Foods Market. The FTC, which failed this summer to block the acquisition on anti-trust grounds, is now trying to disrupt the merger by asking a Washington court to overturn the Federal District Court ruling in August that finally sanctioned the deal. An appeal at this stage is a highly unusual step and is considered by experts to be unlikely to be successful. "It will be very difficult for the FTC to get this decision reversed," Paul Yde, an antitrust partner at law firm Freshfields Bruckhaus Deringer and a former FTC official, was quoted as saying. Yde added that the District Court Judge's original opinion "was very strong". Earlier this month, Whole Foods filed a motion with the appellate court to dismiss the case as moot because the merger had now been completed, but last week the FTC said an appeal was warranted. The FTC is seeking to prevent the companies from continuing to combine certain operations until a full review of the deal has been completed.

COPYRIGHT 2007 Informa Economics, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:BUSINESS BRIEFS ...
Publication:Food & Drink Weekly
Date:Oct 29, 2007
Words:187
Previous Article:USDA to step up E. coli-tests.(News Briefs ...)
Next Article:Grocery Manufacturers/Food Products Association.(BUSINESS BRIEFS ...)
Topics:

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles