Friday, July 14, 2017

Whole Foods shareholder sues in attempt to block Amazon takeover bid

A Whole Foods Market shareholder has filed a federal lawsuit seeking to halt Amazon Inc.’s proposed $13.7 billion acquisition of the Austin-based grocery chain, saying that the deal undervalues Whole Foods and is being made without sufficient transparency.

Shareholder Robert Riegel filed the law suit in U.S. District Court for the Western District of Texas. In it, he claims that Whole Foods’ proxy statement filed on July 7 is misleading and failed to disclose information important to stakeholders.. . . more

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