Amazon buying Whole Foods for $13.7 billion
CDN – http://www.conservativedailynews.com
Amazon.com said Friday that it will acquire Whole Foods Market in a deal valued at $13.7 billion.
Current CEO John Mackey will stay at the grocery store chain and continue to operate it under the Whole Foods brand.
“This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience, and innovation to our customers,” Mackey said in a statement.
Whole Foods has been under pressure to sell itself off due to poor performance at the same time as Amazon has worked to expand its online grocery business.
Earlier this week, Amazon announced a new “Amazon Dash Wand” allowing customers who use their online grocery store “Amazon Fresh” to more easily order groceries and other items from the retail giant.
Buying Whole Foods Market instantly expands Amazon Fresh into 431 supermarkets in the U.S., Canada, and the U.K.
Amazon has offered $42 per share in the deal. Whole Foods Market (NASDAQ: WFM) was trading at $33.06 ahead of the announcement.
Amazon.com (NASDAQ: AMZN) is currently trading at 990.93 after reaching an all-time high of $1011.34 on June 5, 2017.
The article Amazon buying Whole Foods for $13.7 billion is original content from Conservative Daily News.
CDN – http://www.conservativedailynews.com
Source: https://www.conservativedailynews.com/2017/06/amazon-buying-whole-foods-13-7-billion/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).