Relevant:
- Amazon to Buy Whole Foods in $13.4 Billion Deal
- Amazon is struggling to convince Prime members to go to Whole Foods. So it's slashing prices.
- No bank account? Amazon makes it easier for you to shop online
- FTC probing allegations of Amazon's deceptive discounting amidst Whole Foods Merger
- Amazon to cut Whole Foods prices, escalating grocery turf war
2017-06-19 — seekingalpha.com
The purchase price knocks the net cash balance down to virtually zero. This doesn't even account for Whole Foods trading above the offer price with expectations that a bidding war might ensue causing Barclays to place a $48 price target on the stock.
For Amazon, another billion in cash doesn't really alter the equation for owning the organic food retailer. What it does though is highlight the vast differences between the retail giant and tech giants that are so commonly lumped into the same investment discussions.
On a related note, see Amazon Just Created A Huge Risk And Opportunity By Acquiring Whole Foods.
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