FBN’s Stuart Varney and Liz MacDonald on Amazon’s deal to buy Whole Foods.
Online giant Amazon.com announced Friday, June 16, 2017 that is buying organic grocery chain Whole Foods (WFM) for $13.7 billion in cash.
Click stock charts to go direct to stock on Yahoo! FINANCE …
Amazon (AMZN, Tech30) said Whole Foods stores will continue operating under the Whole Foods name as a separate unit of Amazon, while Whole Foods CEO John Mackey will stay as leader of Whole Foods, which will keep its headquarters in Austin, Texas.
The deal values Whole Foods at $42 a share, 27% higher than where the stock was trading Thursday.
Grocery giant Kroger (KR), and owner of Mariano’s, said Thursday, June 15, 2017 that its profits for the year would be lower than Wall Street expected. Kroger’s stock dropped nearly 20%.
Get updates from The Cardinal ALL NEWS FEEDS on Facebook. Just ‘LIKE’ the ‘Arlington Cardinal Page (become a fan of our page). The updates cover all posts and sub-category posts from The Cardinal — Arlingtoncardinal.com. You can also limit feeds to specific categories. See all of The Cardinal Facebook fan pages at Arlingtoncardinal.com/about/facebook …
Help fund The Cardinal Arlingtoncardinal.com/sponsor
Arlingtoncardinal.com/grocersplus …
Arlingtoncardinal.com/garden …
The merger involves the largest Amazon has ever paid for an acquisition, and is the largest merger and acquisition for a U.S grocer..
Amazon acquired Whole Foods in a record-setting $13.7 billion deal. They were also granted a patent that prevents in-store shoppers from online price checking. Find out how this changes your shopping experience. (Amazon founder and CEO Jeffrey P. Bezos owns the Washington Post).
An activist investor is an individual or group that purchases large numbers of a public company’s shares and/or tries to obtain seats on the company’s board with the goal of effecting a major change in the company.
Jim Cramer: “Game Changer” Amazon could dominate food retail within next two years with Whole Foods deal | CNBC
CNBC’s Jim Kramer says this means a food deflationary force is in play. What will this mean for Aldi, Costco, Mariano’s, Target, Trader Joe’s, Walmart, and Costco?
Amazon might roll out more Whole Foods, and it might mean Arlington Heights will finally get a Whole Foods. Or is this just a big over-reaction, which means “Whole Pay Check Foods” will finally have reasonable prices?
Amazon’s agreement to acquire Whole Foods for $13.7 billion sent shares of Walmart , Target , Kroger , Dollar General and Costco lower on Friday … HYPE?Why Walmart And Others Should Be Terrified of the Amazon-Whole Foods Deal.