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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 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 been trading above Amazon's deal price of $42 since the deal was announced last Friday, as stock market investors speculate about the possibility of a higher offer.

has been tipped as a potential bidder for Whole Foods by retail analysts.

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