Briefs: Walgreen finishes Option Care offer

Walgreen finishes Option Care offer

DEERFIELD -- Walgreen announced Monday Bison Acquisition Sub Inc., its wholly owned subsidiary, completed its tender offer for Option Care Inc. and the acquisition will be completed shortly. About 32.7 million shares of Option Care common stock were tendered, representing about 94 percent of all outstanding shares, according to Walgreen. The acquisition will be completed by means of a merger in which remaining outstanding shares will be converted into the right to receive $19.50 in cash, without interest. Option Care will become a wholly owned subsidiary of Walgreen and its common stock will no longer be traded on the Nasdaq.

Sun Capital to buy Boston Market

OAK BROOK -- Sun Capital Partners Inc. won U.S. antitrust clearance to purchase McDonald's Corp.'s Boston Market chain. The Federal Trade Commission disclosed the approval in a listing Friday of terminated merger reviews. McDonald's didn't reveal financial terms of the sale when it was announced Aug. 6. Sun Capital is a Boca Raton, Fla.-based investment firm specializing in leveraged buyouts.

Horizon Group buys outlet centers

ROSEMONT -- Horizon Group Properties Inc., based in Rosemont, announced Monday it purchased three outlet shopping centers containing a total of 673,587 square feet of gross leasable area. The centers are located in Fremont, Ind.; Burlington, Wash.; and Oshkosh, Wis. The three properties were purchased for $59.1 million from an affiliate of Prime Retail Inc. and included the assumption of $53 million of existing debt. The firm also recently acquired The Outlet Shoppes at Gettysburg in Gettysburg, Penn.

Appeals court stays takeover of grocer

WASHINGTON -- A federal appeals court said Monday it needs more time to consider whether to block Whole Foods Market Inc. from buying Wild Oats Markets Inc. The U.S. Court of Appeals for the D.C. Circuit temporarily put the deal on hold until it can hear more arguments.