Whole Foods
Natural Industry Primes for Amazon
By Janet Poveromo On June 16, Amazon announced its plan to acquire Whole Foods for $42 a share, in a deal valued at $13.7 billion. Whole Foods’ John Mackey will remain CEO of the grocery store chain and the deal is expected to close in the second half of the year. The news sent shock ...
Amazon to Acquire Whole Foods for $13.7 Billion
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 ...
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