Flash Report 3 minutesRegister for Free AccessAmazon’s Bid to Acquire Whole Foods Gains FTC Approval Coresight Research August 24, 2017 Executive Summary On June 16, Amazon announced the signing of a definitive agreement to acquire Whole Foods Market for $13.7 billion in cash. On Wednesday, the Whole Foods shareholders approved the deal, which was followed later in the day by official approval from the Federal Trade Commission (FTC). The regulator announced it “decided not to pursue this matter further,” discontinuing any further investigation into the deal, and deeming that the merger does not substantially lessen competition in the market. The transaction is expected to close by the end of 2017 as originally anticipated. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Coresight Bites: Which US Consumers Are Most Sensitive to Inflation?Weinswig’s Weekly: New Year’s Resolutions for Retail in 2024Weinswig’s Weekly: Here’s How US Consumers Will Spend Labor Day4Q23 US Earnings Season Wrap-Up: Many Companies Report Better Performances Following the Holiday Season
