Merger Costs Impact Wild Oats' Earnings

Wild Oats Markets here said transaction expenses related to its pending merger with Whole Foods Market resulted in decline in net income for the first quarter, which ended March 31, while a more aggressive promotional schedule helped boost sales. Wild Oats in late February agreed to be acquired by Austin, Texas-based Whole Foods in a cash tender offer of $18.50 per share. The tender

BOULDER, Colo. — Wild Oats Markets here said transaction expenses related to its pending merger with Whole Foods Market resulted in decline in net income for the first quarter, which ended March 31, while a more aggressive promotional schedule helped boost sales.

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