Whole Foods Market to Buy Wild Oats Markets

February 22, 2007 | Posted by Allison as Tid Bits & News at 12:00 pm |

whole-foods-market-wild-oats-buy-2-22-07.jpgThe new has been confirmed, Whole Foods Market revealed Wednesday that the company plans on buying Wild Oats Markets for around $565 million.  That’s a couple of pretty pennies, eh?

Whole Foods has been planning to buy the chain of natural & organic markets, with locations in both the U.S. & Canada, for some time, but have finally come to a closing deal. 

The news made shares of Wild Oats jump about 17% after the deal was announced.  Whole Food execs have said they approached Wild Oats originally after they sensed what they called a ”strategic gap” after Wild Oats lost their chief executive & chief financial officer.  Whole Foods plans to keep Wild Oats very similar to the original store, with some changes.

I guess I can live with that.  We have several Wild Oats locations here in Nashville & it will be interesting to see what happens.

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