Monday, July 10, 2017

Amazon beat out six other suitors for Whole Foods Market

Amazon's offer to acquire Whole Foods for $42 per share wasn't Jeff Bezos' first, according to new details revealed in a proxy statement filed by the grocery chain with the Securities and Exchange Commission on Friday.

Whole Foods said it received an initial written offer on May 23 from Amazon to acquire the supermarket company for $41 per share.

The grocery chain, meanwhile, was already fielding other potential deals, including approaches by four private equity firms and two unnamed companies identified only as "Company X" and "Company Y.". . . more

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