Whole Foods Is Inching Closer to its Amazon Buyout
Author By Sophia VidaPosted on Amazon will be the proud owner of Whole Foods pretty soon.
Shareholders of Whole Foods voted to advance the online retail leader’s acquisition of the store on Wednesday Morning.
Shareholders gathered at Whole Food’s headquarters in Texas and approved the merger.
All that’s left now is regulatory approvals and other customary closing conditions in this $13.7 billion deal that puts Whole Foods in Amazon’s hands. It will be the biggest retail deal of the year.
More than likely the deal will have to be approved by the Federal Trade Commission but the shareholder vote gets the deal closer and closer to being finalized.
Disclaimer: We have no position in Whole Foods Market, Inc. (NASDAQ: WFM) nor Amazon.com, Inc. (NASDAQ: AMZN) and have not been compensated for this article.
