Whole Foods Market extends $18.50-per-share tender offer for Wild Oats to April 24

By Lisa Kerner

Charlotte, N.C., March 21 - Whole Foods Market, Inc. extended the expiration date for its tender offer to purchase outstanding shares of Wild Oats Markets, Inc. to April 24 from March 27 as a result of the waiting period imposed by the Federal Trade Commission's request for additional information.

The companies entered into a definitive agreement on Feb. 21 under which Whole Foods will acquire Wild Oats in a cash tender offer for $18.50 per share, or approximately $565 million including debt, according to a news release.

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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