(NASDAQ:WFM) in a deal valued at around $13.7 billion.
In a news release, Amazon said it would acquire the upscale supermarket chain for $42 a share in an all-cash transaction that includes that company's net debt, Efe news reported.
Whole Foods, a pioneer in organic products, as mentioned, started its business in 1978 in Austin, Texas, building its brand on healthy eating and fresh, local produce, though often with steep price points. It operates approximately 456 stores in the United States, Canada, and the United Kingdom. "Whole Foods Market has been satisfying, delighting and nourishing customers for almost four decades - they're doing an unbelievable job and we want that to continue".
Amazon's acquisition of Whole Foods Market sent the stocks of grocery store operators and other companies that compete with Whole Foods plunging Friday. (NASDAQ:WFM), shopping center REITs tumbled more than their peers in the real estate sector.
"Fresh foods are the final frontier for Amazon", Portalatin said. (NASDAQ:AMZN) "a launching pad not just for food but possibly drugs as well where customers aren't willing to wait even a day".
Almost $30 billion of market value disappeared Friday from grocery stocks.
The acquisition is expected to complete during the second half of 2017, subject to approval by Whole Foods Market's shareholders, regulatory approvals, and other customary closing conditions.
West Hartford resident Nancy Kennedy, 88, who stopped by the Whole Foods store to shop, said she does not go online because she's not familiar with digital technology. We spoke to food analyst David Portalatin of the NPD Group, a market research company.
"We believe it presents an incredible opportunity to take Whole Foods Market's mission and objective to new levels and will create significant value for our stakeholders - including you, our most loyal customers".
"We love Amazon, and we love Whole Foods". But today's development will bring it more than 430 retail locations across the country, a substantial base from which it can expand its empire into the physical realm.
Almost $1.5T: Amount spent by Americans on food in a year.
Since Whole Foods is a publicly traded company it could be scuttled if another bidder decides to offer a lot more money for the grocery chain.
Helmsman Peter Burling , 26, took the lead in the fourth race and extended it, as he had in the previous race. Two races are scheduled on both days this weekend, beginning at 14:12 local time (1:12pm ET).
Owner Joe Lacob said the team had yet to be invited at all, and that it would decide in the future to attend if asked . Golden State Warriors fans are waking up early to secure a spot along the team's parade route in Oakland, California.
Nigel Farage, UKIP, and the Brexit referendum may one day be counted among the saviours of the European Union. She also said that the talks with May's party had covered corporation tax and same sex marriage.
The report of al-Baghdadi's death comes as the Islamic State suffers major setbacks in which it has lost wide swaths of territory. Russian state media reports Al-Baghdadi may have been killed in the May 28 airstrike near the Syrian city of Raqqa.
Scalise was shot Wednesday morning as a gunman sprayed bullets into a Republican congressional baseball practice. His sedation level has been lowered enough to where he has been able to communicate with doctors and his family.
The Times newspaper's front page declared "May stares into the abyss". "Britain is about to find out the price of that failure". Britain voted to leave the European Union in a referendum previous year in what became popularly known as Brexit.
The Predators were put in a bind by exposing Neal, a 10-time 20-goal-scorer, because they elected to protect a fourth defenseman. So, with all that in mind, here are the players the Bruins are expected to protect when the list is submitted and made public.
Earlier, the 7th Fleet said the USA ship sustained damage on its starboard side and experienced flooding in some spaces. Family members of the missing were waiting on the pier with Aucoin when it arrived, guided by two tug boats.
President Donald Trump says that wounded Congressman Steve Scalise's condition is more hard than people first realized. Scalise sustained serious injuries as the bullet traveled through his pelvis and injured internal organs.
The NATO allies previously clashed over a USA decision to arm Syrian Kurdish rebels fighting the Islamic State group in Syria . He is the first lawmaker from the secular CHP to be jailed in a government crackdown that followed last July's failed coup.
J&K: 6 policemen killed in terrorists attack
Confirming the two deaths, DGP SP Vaid said: "Security forces have no choice but to retaliate when militants fire at them". A policeman Shabir Dar was killed by unknown assailants at his village Bogund in Kulgam district.
White House torn over Mueller's role as pressure grows
Ruddy originally shared his belief with PBS' Judy Woodruff on " PBS NewsHour " Monday after visiting the White House earlier. The White House has directed questions for details to outside legal counsel, which has not responded.
UK's Hammond says economy should be priority in Brexit talks
And Hammond described the divorce bill figures being bandied around in Brussels as "the most egregious pre-negotiation posturing". Brussels has been insistent that a new trade deal can not be discussed until after Britain has left the existing one.
64 percent of Americans disapprove of Trump's performance
The incumbent is much better known: 18 percent said either that they had a neutral opinion of Cruz or no opinion at all. Nonetheless, these expectations continued as Trump's presidency has replicated the characteristics of his campaign.
Jimmie Johnson Stays in NASCAR Through 2020
Johnson was able to complete 20 laps in the backup auto in the final session and was ninth overall on the speed chart. Since joining the organization in 2002, Johnson has only known one team, one sponsor, and one crew chief.