Deadline Looms for Whole Foods Deal

A federal judge is expected any day to decide whether or not to allow the Federal Trade Commission to block Whole Foods’ planned acquisition of Wild Oats, but either side can walk away from the deal without penalty if they fail to complete the transaction by Aug. 31.

WASHINGTON — A federal judge here is expected any day to decide whether or not to allow the Federal Trade Commission to block Whole Foods’ planned acquisition of Wild Oats, but either side can walk away from the deal without penalty if they fail to complete the transaction by Aug. 31. Whole Foods yesterday extended the $18.50 per share tender share offer for Wild Oats until 5 p.m. Monday, Aug. 20. So far, about 69.4% of Wild Oats shares have been tendered and not withdrawn, Whole Foods said.

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