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Wednesday, 07/18/2007 11:18:12 AM

Wednesday, July 18, 2007 11:18:12 AM

Post# of 169273
Maybe Rufus can give this guy some advice.

Jul 18, 2007 (financialwire.net via COMTEX) -- July 18, 2007 (FinancialWire) Whole Foods Market's board (NASDAQ: WFMI) has formed a special committee to conduct an independent internal investigation into online financial message board postings related to Whole Foods and Wild Oats Markets (NASDAQ: OATS) The postings in question were made by Whole Foods' CEO John Mackey, who used an anonymous handle to post opinions on his company's proposed acquisition of rival organic grocer Wild Oats on online financial sites. The controversy surrounding his actions has already triggered a probe by the Securities and Exchange Commission.
In a statement, Whole Foods said that its board had retained the firm of Munger, Tolles & Olson LLP to advise it during its internal investigation. On Monday, the company said that it had been contacted by the SEC regarding its staff inquiry into the firm. The company said it "intends to fully cooperate" with the SEC.

Austin, Texas-based Whole Foods Market is a natural and organic foods supermarket chain that posted 2006 sales of $5.6 billion and currently has more than 190 stores in the United States, Canada, and the United Kingdom

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