According to Bloomberg, Amazon.com Inc. (Washington) will acquire Whole Foods Market Inc. (Texas) for $13.7 billion, a deal that catapults the e-commerce giant into the supermarket business with hundreds of stores across the U.S.
Amazon agreed to pay $42 a share in cash for the organic-food chain, including debt, a roughly 27 percent premium to the stock price at Thursday’s (June 15) close. John Mackey, Whole Foods’ co-founder, will continue to run the business — providing a lifeline to the executive after a fight with activist investor Jana Partners (New York).
VRM Media | 431 Cranbury Road, Suite C | East Brunswick, NJ 08816 | Phone: (732) 432-9600 | Fax: (732) 432-9288
Disclaimer: This web site provides information for professionals and business persons involved in the health food and dietary supplement industry. None of the information in this web site is intended for or should be used as medical advice. Please consult a trained health care practitioner for any medical problems or health conditions.
Note: VRM does not sell any vitamins or dietary supplements.