13.6.2007: Whole Foods Market and Wild Oats Markets Announce U.S. District Court Hearing Schedule
On February 21, 2007, Whole Foods Market and Wild Oats Markets entered into a merger agreement pursuant to which Whole Foods Market commenced a tender offer to purchase all the outstanding shares of Wild Oats Markets at a purchase price of $18.50 per share in cash, plus assumed debt. As previously announced, the FTC provided notice of its intent to file a complaint in the U.S. District Court for the District of Columbia seeking to block the proposed acquisition of shares pursuant to the tender offer. The FTC did file such complaint with the U.S. District Court for the District of Columbia on June 7, 2007. Whole Foods Market and Wild Oats Markets plan to cooperate to challenge the FTC"s opposition to the merger.
About Whole Foods Market
Founded in 1980 in Austin, Texas, Whole Foods Market® is a Fortune 500 company and one of the leading retailers of natural and organic foods. The Company had sales of $5.6 billion in fiscal year 2006 and currently has 195 stores in the United States, Canada and the United Kingdom.
About Wild Oats Markets
Wild Oats Markets, Inc. is a nationwide chain of natural and organic foods markets in the U.S. and Canada. With more than $1.2 billion in annual sales, Wild Oats currently operates 109 natural food stores in 23 states and British Columbia, Canada. Wild Oats" markets include: Wild Oats Marketplace, Henry"s Farmers Market, Sun Harvest and Capers Community Markets. For more information, please visit the Wild Oats website at www.wildoats.com.
Wild Oats Markets
Sonja Tuitele, 303-396-6984
Whole Foods Market
Cindy McCann, 512-542-0204
VP, Investor Relations