Print Edition - 2017-06-26  |  Money Digest

Wal-Mart not considering a bid for Whole Foods

- Reuters, CHICAGO

Jun 26, 2017-

Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday. Whole Foods, which accepted a $13.7 billion offer from Amazon.com Inc last week, has not received any rival bids as of Friday, a second source said. Both sources spoke on condition of anonymity because the matter is confidential. Whole Foods shares have been trading above Amazon’s deal price of $42 per share since the deal was announced last Friday, as stock market investors speculate about the possibility of a higher offer. Whole Foods shares reached a high of $43.84 earlier on Friday, but dropped after Reuters reported that no rival bids have so far emerged. Its shares were last trading after hours at $42.85. 

Published: 26-06-2017 09:27

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment