Fri
Jun 16 2017
09:51 am

"Amazon and Whole Foods Market, Inc. today announced that they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt."

Press release...

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bizgrrl's picture

Good question. Don't think

Good question. Don't think I've ever been in a Whole Foods Market. Guess this won't add to my Amazon purchases.

R. Neal's picture

After a week of selloff,

After a week of selloff, Amazon shares are up 3.6% this morning.

mjw's picture

Local delivery

Amazon is already delivering fresh groceries in a handful of markets. Now they can go wide.

BTW, did you know that Publix is already offering grocery delivery in Knoxville?

bizgrrl's picture

Wish we could get Publix

Wish we could get Publix delivery in Alcoa. However, the USA Today article spends a lot of time on the negatives, e.g. increased costs and prior negatives of the delivery company.

I still will hope for a Publix in Blount County. I'm okay to pick up my own groceries for now.

Andy Axel's picture

They've also added

hundreds of depots to their supply chain, all placed in upper-income, thriving urban areas.

R. Neal's picture

Kroger already took a hit

Kroger already took a hit earlier in the week after a bad earnings report and lowered guidance. Today's news is sending it lower, down nearly 14% this morning, about 30% since Wednesday.

R. Neal's picture

Funny

bizgrrl's picture

+1

+1

Average Guy's picture

eBay Stores?

Remember those?

Maybe this is where Amazon is headed?

I've long wondered when the places that actually have tangible goods start going away, how will the virtual sellers continue to exist?

Will all the empty Sears, Kmarts and the like become part retail, part warehouse and part drone launching pads?

Interesting times.

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