BUSINESS
03/28/2008 02:44 am ET | Updated May 25, 2011

Judge OKs Whole Food's Acquisition Of Rival Wild Oats

A federal judge yesterday rejected an attempt by antitrust regulators to stop Whole Foods' pending acquisition of rival Wild Oats, clearing the way for the nation's largest organic and natural food chain to expand its reach.

U.S. District Judge Paul Friedman of the District denied the Federal Trade Commission's bid for a preliminary injunction, essentially allowing the $565 million deal to proceed. The judge's legal basis for the ruling, which contains sensitive information about the companies' operations and business prospects, remains under seal.

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