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Whole Foods buy: Walmart not considering a contest with Amazon

Sources said the firm has not received any rival bids so far

Reuters 

Walmart Stores Inc is not actively considering making an offer for Whole Foods Market Inc , a source familiar with the matter told Reuters on Friday. Whole Foods, which has accepted a $13.7 billion offer from Amazon.com Inc , has not received any rival bids as of Friday, a second source said. Both sources spoke on condition of anonymity because the matter is confidential. A Walmart spokesman declined to comment on whether the company is considering a bid for Whole Foods. Whole Foods and Amazon did not immediately respond to requests for comment. Whole Foods shares have ...

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First Published: Sat, June 24 2017. 02:56 IST
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