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Amazon to buy upmarket grocer Whole Foods for $13.7 billion
Amazon to buy upmarket grocer Whole Foods for $13.7 billion
http://www.reuters.com/article/us-whole-foods-m-a-amazon-idUSKBN1971QJ
Amazon.com Inc (AMZN.O) said it would buy Whole Foods Market Inc (WFM.O) in a deal valued at about $13.7 billion, including debt.
The $42 per share offer represents a premium of 27 percent to the upmarket grocery chain's Thursday close.
Whole Foods shares were halted at $32.77 in premarket trading, while Amazon's shares were up 0.5 percent at $969.
The grocer will continue to operate stores under the Whole Foods Market brand, the companies said.
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