Whole Foods expands
This article was originally published in The Tan Sheet
Executive Summary
Whole Foods will acquire 110 stores in 24 states through its purchase of Wild Oats Markets, the company announces Feb. 21. The retailer will buy Wild Oats Markets' outstanding common stock in a cash tender offer of $18.50 per share, or approximately $565 mil. based on fully diluted shares, according to a press release announcing the deal. Whole Foods will gain stores in each of its 11 operating regions through the transaction and will enter "a number of new markets"...