Movers: Whole Foods, Toyota, AnnTaylor, Yahoo, Cisco Systems
Whole Foods Market (WFMI) announces an agreement to sell Series A Preferred Stock due 2020 to Green Equity Investors V, L.P., an affiliate of Leonard Green & Partners, L.P. for $425 million, which equates to an ownership interest, assuming conversion of preferred stock to common, of about 17% at this time. Jonathan D. Sokoloff and Jonathan A. Seiffer of Leonard Green & Partners, L.P. intend to join board of directors of WFMI. S&P reiterates hold.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.