Amazon to buy Whole Foods Market

Amazon has agreed to acquire Whole Foods Market, Inc. for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt. Whole Foods Market will retain its headquarters in Austin, Texas, and John Mackey will remain CEO. The retailer will continue to operate stores under the Whole Foods Market brand and source from established vendors and partners around the world, the company said.