Natural and organic foods retailer Whole Foods Market has extended the expiration date for its tender offer to purchase outstanding shares of Wild Oats Markets.
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Whole Foods has pushed back the deadline to 22 May after the Federal Trade Commission (FTC) made a second request for additional information related to the proposed takeover.
By 24 April, Whole Foods said almost 24.2m Wild Oats shares, representing 64% of the shares subject to the tender offer, had been tendered.
Whole Foods issued a cash tender offer of US$18.50 per share for Wild Oats in February, representing a total sum of around $565m, plus the assumption of net debt of around $106m.
