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Updated from 4:31 p.m. EST
Whole Foods (WFMI Quote) jumped 5% late Wednesday after agreeing to buy smaller natural-foods grocery rival Wild Oats(OATS Quote) for $565 million.
Whole Foods will pay $18.50 a share for Wild Oats, representing a 23% premium over the stock's one-month closing average and an 18% premium over its closing price of $15.72 Wednesday. Whole Foods also will assume about $106 million in debt.
The deal will be effected through a tender offer beginning Feb. 27. ...
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