Whole Foods Closes Deal To Buy Rival Wild Oats

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Whole Foods Market Inc. said Tuesday it has lined up financing to complete its $565 million purchase of rival organic and natural foods grocer Wild Oats Markets Inc., ending a six-month battle against federal regulators who tried to block the deal on antitrust grounds.

The company said it took out a five-year, $700 million loan to fund the deal, which also includes the assumption of $137 million in Wild Oats debt.

Read the whole story at Associated Press