Whole Foods, FTC agree on Wild Oats settlement

AUSTIN, Texas (AP) Whole Foods said Friday it is putting 12 Wild Oats stores and one Whole Foods store up for sale. The company will also sell leases and assets for 19 Wild Oats stores that have already been closed.

Federal regulators have challenged Whole Foods' 2007 acquisition of Wild Oats over competitive issues.

Whole Foods Chief Executive John Mackey says it will be "business as usual" in the 13 operating stores.

Once it gets approval from the FTC, the company says it will take a non-cash charge of no more than $19 million for the sale of the stores.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

-----------------------------------------------------------------------------------------------

abc30 News Links:
Links to other news sections on our website.

• HomePage
  
• Top Headlines
  
• Fresno Local News
  
• State News
  
• National/World News
  
• Entertainment News
  
• Business News
  
• Politics News
  
• Sports News
  
• Health Watch
  
• Consumer Watch
  
• Mr. Food
  

-----------------------------------------------------------------------------------------------

Breaking News Alerts:
Click Here to Sign-Up for Breaking News E-Mail Alerts
Receive Breaking News alerts in your email inbox.

Click Here to Sign-Up for Text Message Alerts
Receive Breaking News alerts right on your cell phone.

-----------------------------------------------------------------------------------------------