Photo credit: zizzy
And so two became one. After a protracted and very public struggle with the Federal Trade Commission over its $565 million purchase of Wild Oats Markets, Whole Foods bought 96.8 percent of its former rival's outstanding shares at $18.50 per share. Whole Foods will also be taking on Wild Oats' debts, while adding some debt of its own to help finance the deal.
Whole Foods also announced plans to close two Wild Oats outlets in southwest Portland, displacing about 99 employees who have been offered jobs at other Whole Foods stores.