Whole Foods (WFMI) and Wild Oats (OATS) Announce U.S. District Court Hearing to Review FTC Complaint Regarding Merger
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Whole Foods Market, Inc. (NASDAQ: WFMI) and Wild Oats Markets, Inc. (NASDAQ: OATS) announced the U.S. District Court for the District of Columbia has scheduled a preliminary injunction hearing to begin on July 31, 2007 and to conclude on August 1, 2007 to decide whether to approve the U.S. Federal Trade Commission's (FTC) application for an injunction to block the proposed merger between the two companies. Whole Foods Market and Wild Oats Markets have consented to a temporary restraining order pending the hearing.
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