• ITVI.USA
    15,415.310
    54.710
    0.4%
  • OTLT.USA
    2.761
    -0.007
    -0.3%
  • OTRI.USA
    21.110
    -0.300
    -1.4%
  • OTVI.USA
    15,387.520
    55.710
    0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,415.310
    54.710
    0.4%
  • OTLT.USA
    2.761
    -0.007
    -0.3%
  • OTRI.USA
    21.110
    -0.300
    -1.4%
  • OTVI.USA
    15,387.520
    55.710
    0.4%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

Whole Foods to sell 35 stores, Riverside distribution center

Whole Foods to sell 35 stores, Riverside distribution center

Austin, Texas-based specialty grocery Whole Foods Market Inc. said Wednesday it plans to sell 35 Henry’s and Sun Harvest stores outlets, and a Riverside, Calif. distribution center.

   The firm said the stores, now owned by Boulder, Colo.-based Wild Oats Market Inc., will be transferred to Commerce, Calif.-based Smart & Final Inc. if a proposed merger between Whole Foods and Wild Oats concludes.

   The 35 stores, according to Whole Foods Chief Executive John Mackey 'do not fit into Whole Foods Market’s long-term real estate and brand strategy.'

   The company noted that this sale is subject to prevailing in the current lawsuit with the U.S. Federal Trade Commission regarding its proposed $565 million merger with Wild Oats Markets Inc. and the actual closing of that merger.

   In February, Whole Foods entered into a merger agreement, under which the firm commenced a tender offer to buy all the outstanding shares of Wild Oats Markets for $18.50 per share in cash, plus assumed debt.

   The FTC, which applied for an injunction to block the merger, alleging it would affect competition and increase prices for consumers. A court hearing on the preliminary injunction is set to start on July 31.

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