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DENVER (AP) - The Federal Trade Commission will file a lawsuit to try to prevent natural foods grocer Whole Foods Market Inc. from acquiring competing Wild Oats Markets Inc., the companies said Tuesday.
The lawsuit, expected to be filed in federal court in the District of Columbia, will argue the marketplace is defined by natural and organic food stores and not the broader supermarket industry, said John Mackey, chairman and chief executive officer of Whole Foods.
FTC spokesman Mitch Katz would not confirm or deny the companies' statements and declined to comment.
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