Ahead of the Bell: Wild Oats |
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Thu, 15 Mar 2007 14:24
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NEW YORK (AP) - Wild Oats Markets Inc. said the Federal Trade Commission requested more information from the company and Whole Foods Market Inc. on Whole Food's purchase of the natural and organic food chain.According to a filing with the Securities and Exchange Commission on Wednesday, Wild Oats plans to cooperate with the request.Last month, natural foods grocer Whole Foods said it would pay $565 million for Boulder, Colo.-based Wild Oats.The announcement drew a mixed response from security analysts. Some cheered the purchase, while others said the deal distracted investors from a shaky first quarter.Since the deal was announced on Feb. 21, shares of Whole Foods have declined about 3 percent, and Wild Oats gained almost 16 percent.Shares of Wild Oats finished Wednesday at $18.21 and Whole Foods ended at $44.20, both on the Nasdaq Stock Market.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Wild Oats to hire 250 for new store 