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Amazon is Buying Whole Foods in a $13.7B Deal | KTIC Radio

Amazon is Buying Whole Foods in a $13.7B Deal

Amazon is Buying Whole Foods in a $13.7B Deal
(AP Photo/Gene J. Puskar)

Online juggernaut Amazon is buying Whole Foods in a deal valued at about $13.7 billion, including debt.

Amazon.com Inc. will pay $42 per share for Whole Foods Market Inc. That marks an 18 percent premium to Whole Foods closing price on Thursday.

The deal comes a month after Whole Foods announced a board shake-up and cost-cutting plan amid falling sales. The grocery store operator was also under pressure from activist investor Jana Partners.

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