Tuesday, July 31, 2007

UPDATE 2-CEO's comments raised at Whole Foods hearing

(Reuters) - WASHINGTON, July 31 - An economist for Whole
Foods Market Inc was forced on Tuesday to grapple with
the past comments of the company's chief executive as he
testified against government efforts to block the acquisition
of Wild Oats Markets Inc .




Whole Foods economist David Scheffman was asked how he
could square his benign view of the merger with the statements
of Whole Foods CEO John Mackey, who told the company's board of
directors in an e-mail the deal would prevent "nasty" price
wars with Wild Oats and head off future competition with
conventional supermarket chains.


Read more at Reuters.com Mergers News

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