Whole Foods extends offer
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Whole Foods Market Inc. extended its tender offer for shares of Wild Oats Markets Inc. for a fifth time after regulators moved to block the planned acquisition.
The new deadline is Aug. 10. As of Thursday, 57% of Wild Oats shares had been tendered, Whole Foods said. The Federal Trade Commission filed a lawsuit last month to stop the purchase on antitrust concerns.
Whole Foods agreed in February to buy Wild Oats for $565 million. The FTC plans a two-day hearing starting July 31 on its request to stop the transaction.
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