Thursday, April 27, 2017

Whole Foods shares move higher as another investor tells the grocer to consider a sale

An employee arranges produce for sale at a Whole Foods Market Inc. store in Oakland, CaliforniaShares of Whole Foods Market edged higher on Thursday following a report that mutual-fund manager Neuberger Berman has told the company to explore a sale.

Neuberger Berman, which holds a 2.7 percent stake in the grocery chain, sent a letter to the company's board this week that urged its members to "immediately engage shareholders" to consider options that could include a sale, according to The Wall Street Journal.. . . more

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