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Amazon is buying Whole Foods for $13.7 billion

Whole Foods

Amazon is buying Whole Foods.

The online giant is buying the high-end grocer for $42 a share, valuing the company at $13.7 billion.

Shares of the grocer were trading at $33.06 a share before the deal was announced, so the deal represents a 27% premium on its closing price yesterday.

“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” Amazon CEO Jeff Bezos in a press release. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and read more >>>

Source:: BusinessInsider.Com

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