Whole Foods Market has once again extended the tender offer for shares in takeover target Wild Oats Markets.
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Whole Foods has pushed back the deadline to buy the outstanding shares in Wild Oats to next Wednesday (15 August).
As of the close of business on August 9, 55.6% of the shares that were outstanding as of 27 July, had been tendered and not withdrawn pursuant to the tender offer.
Whole Foods made the offer to buy its rival natural foods retailer back in February plans to buy rival natural foods and organic grocer Wild Oats back in February.
However, the US Federal Trade Commission has launched a legal battle to block the deal on competition grounds.
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