Grocery Stocks Are Crashing After Amazon Buys Whole Foods For $42 Per Share

Grocery Stocks Are Crashing After Amazon Buys Whole Foods For $42 Per Share:

(WMT -4%, TGT -5.5%, SFM -7.6%, KR -12%) Whole Foods stock was halted for ‘news pending’… and now we have the answer – Amazon to acquire Whole Foods Market for $42/share in an all-cash transaction valued at ~$13.7b, including Whole Foods Market’s net debt.

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