Natural and organic foods retailer Whole Foods Market has extended the expiration date for its tender offer to purchase outstanding shares of Wild Oats Markets.

Whole Foods has pushed back the deadline to 22 May after the Federal Trade Commission (FTC) made a second request for additional information related to the proposed takeover.

By 24 April, Whole Foods said almost 24.2m Wild Oats shares, representing 64% of the shares subject to the tender offer, had been tendered.

Whole Foods issued a cash tender offer of US$18.50 per share for Wild Oats in February, representing a total sum of around $565m, plus the assumption of net debt of around $106m.

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