Amazon.com’s aggressive plan to acquire Whole Foods Market Inc. in a deal valued at $13.7 billion sent major food and retail stocks tumbling Friday, a likely precursor to the disruption to come as Jeff Bezos turns his fortune toward the grocery sector. A wide range of grocery retailers and wholesalers were stung by the news, a slate of Blue Chip stocks that included such varied brands as SuperValu Inc. (NYSE: SVU) of Minneapolis, Minnesota; Sprouts Farmers Market Inc. (NASDAQ: SFM) in Phoenix; and…
from http://www.bizjournals.com/baltimore/news/2017/06/16/amazon-deal-for-whole-foods-sends-retail-stocks.html?ana=RSS%26s=article_search
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