Grocery Stocks Are Crashing After Amazon Buys Whole Foods For $42 Per Share
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.
With 9% of the float short this stock, we can only imagine the squeeze onm this 27% premium over last night's close.
Full Statement: