WASHINGTON — A federal judge here is expected any day to decide whether or not to allow the Federal Trade Commission to block Whole Foods’ planned acquisition of Wild Oats, but either side can walk away from the deal without penalty if they fail to complete the transaction by Aug. 31. Whole Foods yesterday extended the $18.50 per share tender share offer for Wild Oats until 5 p.m. Monday, Aug. 20. So far, about 69.4% of Wild Oats shares have been tendered and not withdrawn, Whole Foods said. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.