Amazon to buy upmarket grocer Whole Foods for $13.7 billion

[Miles Archer]

Amazon to buy upmarket grocer Whole Foods for $13.7 billion

http://www.reuters.com/article/us-whole-foods-m-a-amazon-idUSKBN1971QJ

Amazon.com Inc (AMZN.O) said it would buy Whole Foods Market Inc (WFM.O) in a deal valued at about $13.7 billion, including debt.

The $42 per share offer represents a premium of 27 percent to the upmarket grocery chain's Thursday close.

Whole Foods shares were halted at $32.77 in premarket trading, while Amazon's shares were up 0.5 percent at $969.

The grocer will continue to operate stores under the Whole Foods Market brand, the companies said.

[MineralMan]

1. Soon enough, we will only be able to buy from Amazon.

Pretty scary stuff.

[Equinox Moon]

3. I am fortunate to have and utilize co-op grocery stores.

I love my co-op!

[Tommy_Carcetti]

2. Yeah. Get your groceries online. Have a drone drop it on your house.

I honestly don't want to buy everything and anything online. Groceries are definitely one of those things I want to actually have in my hands when I purchase them.