Food

Whole Foods Merger Delayed

 

Tuitele says she does not know when to expect a decision from the court of appeals.

Whole Foods agreed to buy Wild Oats in February for $18.50 per share. The FTC filed for a temporary injunction to block the deal four months later.

Both grocers have argued that many traditional supermarkets, such as Safeway(SWY) and Kroger(KR), now offer organic and natural foods, eliminating the risk of a monopoly.

Shares of Whole Foods and Wild Oats had been soaring since the judge's ruling last week to reject the FTC's original request for an injunction.

On Monday, shares of Whole Foods fell 83 cents, or 1.9%, to $43.47. Wild Oats shares slipped 12 cents, or 0.7%, to $17.80.

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As originally published, this story contained errors. Please see Corrections and Clarifications.

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