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Amazon's acquisition of Whole Foods Supermarket is approved by shareholders to complete in the second half of the year

2017-08-24

  Sina Technology News On the evening of August 23, Beijing time, Amazon's acquisition of Whole Foods supermarket was approved by shareholders of Whole Foods today.

  Amazon announced in June this year that it would acquire Whole Foods Supermarket for cash of $42 per share, with a total transaction volume of about $13.7 billion.

Amazon's acquisition of Whole Foods Supermarket is approved by shareholders to complete in the second half of the year

  Today, Whole Foods Supermarket shareholders met at their headquarters in Austin, Texas to vote on the deal. Eventually, shareholders approved the deal.

  Amazon and Whole Foods expect the deal to be completed in the second half of this year. But people familiar with the matter said the two sides are expected to close the transaction ahead of schedule.

  This is also a well-known merger and acquisition transaction conducted by Amazon so far. After the transaction is completed, Whole Foods co-founder John Mackey will continue to run the company.

  In addition, the transaction requires approval from U.S. antitrust regulators, such as the Federal Trade Commission (FTC).


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