Whole Foods Market to be acquired By Amazon
Amazon and Whole Foods Market, Inc. on 16th June 2017 reported that they have arrived into a final merger agreement under which Amazon will accomplish Whole Foods Market for $42 per share in an all-money exchange esteemed at around $13.7 billion, including Whole Foods Market’s net obligation.
“Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” said Jeff Bezos, Amazon founder and CEO. “Whole Foods Market has been satisfying, delighting and nourishing customers for nearly four decades – they’re doing an amazing job and we want that to continue.”
“This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience and innovation to our customers,” said John Mackey, Whole Foods Market Co-founder and CEO.
Whole Foods Market, founded in 1978 in Austin, Texas is the leading natural and organic foods supermarket, the first national “Certified Organic” grocer, and uniquely positioned as America’s Healthiest Grocery Store™.
Whole Food Market will keep on operating stores under the Whole Foods Market brand and source from trusted vendors and accomplices around the globe. John Mackey will stay as Chief of Whole Foods Market. The headquarters of Whole Food Market’s will stay in Austin, Texas.
Amazon’s statements related to the proposed merger with Whole Foods Market contain forward-looking statements, including statements regarding expected benefits of the merger, the timing of the transaction, and financing of the transaction. Actual results could differ materially from those projected or forecast in the forward-looking statements.