A store of Whole Food Market chain. (Photo: Whole Foods Market/Amazon)
(UNITED STATES, 6/17/2017)
E-commerce giant Amazon has entered into a definitive merger agreement under which it will acquire Whole Foods Market in an all-cash transaction valued at approximately USD 13.7 billion, including the firm’s net debt.
“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Jeff Bezos, Amazon founder and CEO.
For his part, Whole Foods Market co-founder and CEO John Mackey pointed out this partnership presents an opportunity to maximize value for the firm’s shareholders, while at the same time extending its mission and bringin...
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