Business Standard

Amazon to complete acquisition of Whole Foods on Monday

Image

Reuters

(Reuters) - Amazon.com Inc said on Thursday it plans to complete its $13.7 billion acquisition of Whole Foods Market Inc on Monday after winning antitrust approval from U.S. regulators on Wednesday.

The companies said in a joint statement that Whole Foods will offer lower prices starting on Monday "on a selection of best-selling grocery staples across its stores." Amazon also said that it will start selling Whole Foods brand products on its website.

(Reporting by David Shepardson; Editing by Bill Rigby)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 24 2017 | 11:46 PM IST

Explore News