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Whole Foods shares keep rising in bidding war speculation

Reuters 

By Sinead Carew and David RandallREUTERS - Whole Foods Market Inc shares added to their gains on Monday after Amazon.com Inc announced plans last week to buy the upscale grocer, with investors betting that rivals could step in to create a bidding war. Amazon shares also rose as Wall Street analysts lauded the proposed $42-per-share deal and bet that the company would prevail in any bidding battle.Whole Foods shares rose 1.3 percent on Monday to close at $43.22 - adding to Friday's 29 percent rise and reflecting hopes the company might fetch a higher price. Amazon shares ended up 0.8 percent ...

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First Published: Tue, June 20 2017. 08:29 IST
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