Whole Foods Markets (WFM)

[DewDiligence]

AMZN acquires WFM for $42/sh in cash:

https://finance.yahoo.com/news/amazon-acquire-whole-foods-market-130000030.html

Amazon (AMZN) and Whole Foods Market, Inc. (WFM) today announced that they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt.

…Whole Foods Market will continue to operate stores under the Whole Foods Market brand and source from trusted vendors and partners around the world. John Mackey will remain as CEO of Whole Foods Market and Whole Foods Market’s headquarters will stay in Austin, Texas.

Completion of the transaction is subject to approval by Whole Foods Market's shareholders, regulatory approvals and other customary closing conditions. The parties expect to close the transaction during the second half of 2017.