Whole Foods and Wild Oats cleared to proceed with merger
Whole Foods and Wild Oats cleared to proceed with merger
Whole Foods Market Inc. and Wild Oats Markets Inc. announced Aug. 23 that they are now legally cleared to proceed with their merger as the U.S. Court of Appeals for the District of Columbia has denied the Federal Trade Commission's request for a stay to preclude the closing of the merger pending the FTC's appeal and has dissolved the Aug. 20 administrative injunction, which had prevented the transaction from going forward while the court considered the FTC's motion.