finance.yahoo.com/news/sources--carl-icahn-not-planning-to-bail-out-whole-foods-151059082.html
Embattled organic grocer Whole Foods (WFM) has had a rough few months, down over 33% so far this year. So why is the stock up nearly 5% today? There are rumors all across the web that the one and only Carl Icahn in interested in the chain. Let those who are long Whole Foods bask in the glow while they can.
According to sources familiar with the situation Mr. Icahn has absolutely no interest in Whole Foods whatsoever. The troubles Whole Foods is having with low margin (as with any grocer) and increased competition in the organic space seem to be destined to continue with no caped financial superhero on the way to bail them out. Or at least not Mr. Icahn.
UPDATE: Since we first reported Mr. Icahn's lack of interest in Whole Foods the company's stock has given back some of it's intraday gains.