Whole Foods extends tender offer for Wild Oats
July 20, 2007
by FoodBusinessNews.net Staff
AUSTIN, TEXAS — Whole Foods Market, Inc. has extended the expiration date for its tender offer to purchase outstanding shares of Wild Oats Markets, Inc. to Aug. 10. The offer has previously been extended as well.
Approximately 57%, or 17,049,990 shares, of Wild Oats’ common stock have been tendered as of the close of business on July 19.
In February, Whole Foods Market entered a merger agreement with Wild Oats and on June 7 the Federal Trade Commission filed a suit to block the acquisition, citing antitrust issues. The F.T.C. also sought a temporary restraining order and preliminary injunction pending a trial. A hearing on the preliminary injunction has been scheduled for July 31.