Exclusive: Wal-Mart not considering a bid for Whole Foods - source | Reuters

Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday.Whole Foods, which has accepted a $13.7 billion offer from Amazon.com Inc, has not received any rival bids as of Friday, a second source said. Both sources spoke on condition of anonymity because the matter is confidential.

A Wal-Mart spokesman declined to comment on whether the company is considering a bid for Whole Foods. Whole Foods and Amazon did not immediately respond to requests for comment.

Whole Foods shares have been trading above Amazon's deal price of $42 since the deal was announced last Friday, as stock market investors speculate about the possibility of a higher offer.

Wal-Mart has been tipped as a potential bidder for Whole Foods by retail analysts. (Reporting by Nandita Bose in Chicago and Greg Roumeliotis in New York; Editing by Bill Rigby)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jun 24, 2017 02:00 AM

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