The Federal Trade Commission inadvertently let slip documents regarding the proposed Whole Foods/Wild Oats merger.
One of the most surprising details is that Whole Foods may plan to close 30 or more Wild Oats stores.
Among other details not meant to be released, the FTC revealed how Whole Foods negotiates with suppliers to drive up costs for Wal-Mart stores. Regulators also discussed the company's closely held marketing strategies.Regulators are trying to block the deal on antitrust grounds, arguing that it would mean higher prices for organic and natural food. A judge is considering whether to temporarily block the deal.
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