CFW Thinks Whole Foods Market Looks Too Expensive To Be PE Candidate

UK newspaper the Daily Mail has reported a rumour suggesting the private equity firms Kohlberg Kravis Roberts and Bain Capital are preparing to bid for upmarket US food retailer Whole Foods Market (WFM). The report suggests the bid could value the firm at about US$90 per share, representing a 50% premium on its trading price. A lack of reaction to the news from WFM's share price suggests the speculation is being treated with some scepticism by investors (see first chart). WFM's growth potential would make it an attractive target but CFW thinks there are questions about whether a private investor

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