The New Mexico Business Journal is reporting that the FTC has filed a federal lawsuit to block the acquisition.

Greg Mays, chairman and CEO of Wild Oats, said in a statement that the company disagrees with the FTC's position. He said the company is confident that the court "will agree that this merger is pro-competitive and the FTC's application for an injunction will be denied, thus allowing us to proceed forward with the merger."

He said Wild Oats would cooperate with Whole Foods in fighting the FTC in court.

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