Whole Foods, as expected, has extended its tender off for $565 million to acquire Wild Oats. The decision is the third extension, and comes as the two natural foods grocers prepare to do battle with the Federal Trade Commission (FTC), which opposes the acquisition on competitive grounds, in court.
- KC's View:
We still think this deal should be allowed to take place, and that opposing it means that the folks at the FTC are out of touch with the modern retail environment.
We hope that the judge in the case agrees. And he or she will if he or she does his or her own shopping.