Thursday, August 24, 2017

Amazon's acquisition of Whole Foods clears regulatory hurdles

A $13.7 billion deal that promises to shake up worldwide food distribution is ready to be signed on the dotted line. Whole Foods Market Inc. shareholders approved Wednesday a buyout by Amazon.com Inc. at $42 per share, and then later in the day the Federal Trade Commission gave the buyout its blessing. The merger does not violate antitrust laws, the FTC’s Bureau of Competition said in a statement. However, “the FTC always has the ability to investigate anticompetitive conduct should such action…



from https://www.bizjournals.com/baltimore/news/2017/08/24/amazons-acquisition-of-whole-foods-clears.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/164562148062

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