Wednesday, August 23, 2017

Whole Foods shareholders OK Amazon's takeover; Regulators still need to chime in

Only Uncle Sam stands in the way of a $13.7 billion deal that promises to shake up worldwide food distribution. Whole Foods Market Inc. shareholders approved Wednesday a buyout by Amazon.com Inc. at $42 per share, the Wall Street Journal reports, one of the final roadblocks to the merger. Federal regulators still have to give their OK. Amazon (Nasdaq: AMZN) shareholders do not need to vote on the deal. Whole Foods (Nasdaq: WFM) posted revenue 2016 revenue of $15.7 billion. It employs about 87,000…



from https://www.bizjournals.com/baltimore/news/2017/08/23/whole-foods-shareholders-ok-amazons-takeover.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/164528746037

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