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Ear to the Ground

Farewell, Wild Oats!

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Posted on Feb 21, 2007
Wild Oats
wildoats.com

Natural supermarket giant Whole Foods announced Wednesday it would gobble up smaller rival chain Wild Oats. The marketplace for natural and organic food has grown increasingly competitive, a reality that has plagued Whole Foods in recent months.


New York Times:

Stung by competition and investor expectations, Whole Foods Markets, the natural-foods grocer, was expected to announce another quarter of rather mundane earnings Wednesday, at least by the standards of a company that has experienced more than a decade of breakneck growth.

But the chairman and chief executive of Whole Foods, John P. Mackey, has always done things a bit differently, and Wednesday, he surprised investors by announcing a proposed merger with Wild Oats Markets, a similar though much smaller chain.

Whole Foods will pay $565 million or $18.50 a share for Wild Oats, an 18 percent premium over the average share price the last month. The company will also assume $106 million of debt.

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By Zena, February 25, 2007 at 9:59 pm #
(Unregistered commenter)

To: Laughing at the comments ; Here, have a slice of bread covered with some of this yummy Peter Pan Peanut Butter whose code number starts with: 2011….

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By Laughing at the comments, February 25, 2007 at 3:32 am #
(Unregistered commenter)

These comments are frightening and amusing.  Apparently the person in the previous comment is paranoid or mis-informed… “Looks like many of the healthy food people will be throw in with the rest of us that has lost the right to safe and healthy food in favor of lining crooked rich men’s pocketbooks.” With things like John Mackey lowering his annual pay to $1 and with the animal compassion guidelines set by Whole Foods Market I for one am glad they are in charge of our food.

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By Denise Black, February 22, 2007 at 4:01 pm #
(Unregistered commenter)

Shop Cooperatives!

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By ribkaw, February 22, 2007 at 3:20 pm #
(Unregistered commenter)

We’re already paying out the nose.  WF is the most expensive healthfood grocery chain in the country.  It’s become the WalMart of the healthfood industry.  Hopefully now that commercial food chains are stocking more organic products, there will be price reins placed on WF.  They’re outrageous.

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By Zena, February 22, 2007 at 3:01 pm #
(Unregistered commenter)

So, now this corporation is in control of a monopoly, is he? You’ll be paying for ‘safe’ food thru the nose! That’s why America had laws against monopolies to restrain such greed and unfairness. Looks like many of the healthy food people will be throw in with the rest of us that has lost the right to safe and healthy food in favor of lining crooked rich men’s pocketbooks. You know, the ones who bought our representatives and paid them to stab us in the backs so that only THEIR interests would be protected….and that’s what’s called Free Trade…isn’t so free after all, is it?

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By Dennis D, February 22, 2007 at 12:55 am #
(Unregistered commenter)

Gobble, gobble - organic market wars are hell.

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