Whole Foods Market extends tender offer
April 25, 2007
by Eric Schroeder
AUSTIN, TEXAS — Whole Foods Market, Inc. on Tuesday extended the expiration date for its tender offer to purchase outstanding shares of Wild Oats Markets, Inc. to 5:00 p.m., New York City time, on May 22. The tender had been set to expire on April 24.
According to the companies, the extension stems from a second request from the Federal Trade Commission in connection with Whole Foods Market’s proposed acquisition of Wild Oats. Whole Foods agreed to acquire Wild Oats in late February.
As of the close of business on April 24, a total of 24,178,605 shares of common stock of Wild Oats, which represent approximately 64% of the shares subject to the tender offer, have been tendered and not withdrawn pursuant to the tender offer.