Whole Foods Market and Wild Oats Markets announce merger
Whole Foods Market and Wild Oats Markets announce merger
AUSTIN, TX -- Whole Foods Market Inc. and Wild Oats Markets have announced that they have signed a definitive merger agreement under which Whole Foods Market will acquire Wild Oats Markets' outstanding common stock in a cash tender offer of $18.50 per share, or approximately $565 million based on fully diluted shares. Whole Foods Market will also assume Wild Oats Markets' existing net debt totaling approximately $106 million as reported Sept. 30, 2006. With annual sales of approximately $1.2 billion, Wild Oats Markets is one of the leading natural and organic foods retailers in North America