Whole Foods Market Inc. is being bought by Amazon.com Inc. in a major shake-up for both the homegrown Austin organic grocery chain and the Seattle-based e-commerce giant.
Amazon (Nasdaq: AMZN) has agreed to pay $42 per share in cash for Whole Foods (Nasdaq: WFM), or about $13.7 billion, according to a Friday announcement.
Whole Foods co-founder John Mackey will remain CEO and the company will be based in Austin, per the announcement.
“Millions of people love Whole Foods Market because they offer…
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