Showing posts with label wild oats. Show all posts
Showing posts with label wild oats. Show all posts
Friday, June 08, 2007
An article in Slate about how the Bush administration is attempting to block the Whole Foods Market merger with Wild Oats. The punchline is the Bush administration NEVER gives a flip about mergers except now when tofu and granola eaters are affected they decide that it is a bad idea.
Wednesday, February 21, 2007
Whole Foods pleased traders Wednesday with late-breaking news that the natural foods retailer would buy competitor Wild Oats Market, helping send shares higher despite the fact that the company also reported declining net income in the first quarter.
Whole Foods announced that it was purchasing its rival for $565 million. The Austin, Texas-based chain will pay $18.50 per share for the company and will assume all of Wild Oats' $106 million in debt.
Not sure if I like this move. Whole Paycheck is just going to boost their prices even further, now with one giant competitor absorbed out of the way, they can further highway rob people who like healthy foods. It's ridiculous what Whole Foods often charges. This does not help. I still hold a grudge for them buying out Mrs. Gooch's so maybe I am not the most unbiased observer, but this IMHO stinks.
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