Whole Foods Market extends tender offer for Wild Oats Markets

By Lisa Kerner

Charlotte, N.C., June 18 - Whole Foods Market, Inc. extended the expiration date for its $18.50 per-share tender offer to purchase Wild Oats Markets, Inc. to 5 p.m. ET on July 20, from June 20.

A total of 17,301,505 shares, or about 57.9%, of Wild Oats common stock was tendered as of June 15.

The companies entered into a merger agreement on Feb. 21.

Whole Foods Market and Wild Oats consented to a temporary restraining order pending a July 31 hearing on a preliminary injunction filed by the Federal Trade Commission seeking to block the merger.

Whole Foods Market is an Austin, Texas-based natural and organic foods retailer. Wild Oats Markets is a chain of natural and organic food markets based in Boulder, Colo.

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