US: Private-equity firms "eye Whole Foods Market"
By Petah Marian | 19 August 2011
Private-equity firm Kohlberg Kravis Roberts has remained coy on speculation that it could be preparing a bid for US organic food retailer Whole Foods Market.
KKR and fellow private-equity firm Bain Capital may be lining up a cash offer of US$90 a share, according to a report in the UK's Daily Mail.
According to the newspaper, a potential deal would value Whole Foods at around US$6bn.
In late July, Whole Foods upped its full-year earnings target after third-quarter profits jumped 35% to US$88.5m.
It is forecasting diluted earnings per share to be US$1.91-1.92, up from its earlier forecast of $1.87-1.90.
A spokesperson for KKR declined to comment on the speculation, while Bain Capital has not yet responded to requests for comment.
Shares in the company were up 0.66% today (19 August) to US$59.23 a share at 10:31 ET.
Sectors: Mergers & acquisitions, Natural & organic, Retail
Companies: Whole Foods Market
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US: Private-equity firms "eye Whole Foods Market"
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