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

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.

Source: Grocery Stocks Are Crashing After Amazon Buys Whole Foods For $42 Per Share | Zero Hedge

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