Friday, July 20, 2007

Whole Foods Offer Extended AGAIN

"Whole Foods Market Inc. has extended the expiration date of its offer to buy competitor Wild Oats Markets Inc. to Aug. 10.

The original deadline was set for July 20.

The Austin-based company's proposed $565 million purchase of Wild Oats has been sidelined by a Federal Trade Commission lawsuit seeking to block the deal and controversy surrounding Whole Foods CEO John Mackey's anonymous online postings about the buyout plan.

As of July 19, holders of Wild Oats stock had tendered about 17 million shares, roughly 57.1 percent of the total amount outstanding as of April 27, Whole Foods Market says."

Read the article