Westport’s Wild Oats natural and organic food market at 399 Post Road West may soon become a Whole Foods market.
Westport’s Wild Oats store at 399 Post Road West may soon become a Whole Foods store. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Under a deal announced Wednesday, Whole Foods Market Inc., a much larger chain, will pay $565 million for Wild Oats Markets Inc.
Whole Foods said it will pay $18.50 per share in cash for Wild Oats and assume the rival’s debt, reported to be $106 million as of Sept. 30.
Wild Oats has annual sales of $1.2 billion and operates 110 stores in 24 states and British Columbia, Canada. West Hartford is its only other Connecticut location.
Whole Foods has annual sales of $5.6 billion with 193 stores in North America and the United Kingdon, including Greenwich and West Hartford in Connecticut.
