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Amazon to buy upmarket grocer Whole Foods for $13.7 bn

$42 per share offer represents a premium of 27% to the upmarket grocery chain's Thursday close

Reuters 

Amazon.com Inc said it would buy Whole Foods Market Inc in a deal valued at about $13.7 billion, including debt. The $42 per share offer represents a premium of 27 percent to the upmarket grocery chain's Thursday close. Whole Foods shares were halted at $32.77 in premarket trading, while Amazon's shares were up 0.5 percent at $969. Excluding debt, the deal is valued at $13.39 billion, based on 318.9 million diluted shares outstanding as of April 9. The grocer will continue to operate stores under the Whole Foods Market brand, the companies ...

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First Published: Fri, June 16 2017. 18:58 IST
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