Amazon made a $13.7 billion bid to acquire Whole Foods, which amounts to $42 per share. The synergies between the two companies are endless – aside from gaining an immediate retail presence, they can also sell Whole Food’s 365 generic brand on their online platform.
This deal is pending shareholder approval, and with activist investor Jana Partners at the helm, we believe a deal will be made, and likely at a higher price than Amazon’s opening offer.