Speculation Grows That Amazon Will Face A Rival Bidder For Whole Foods

Amazon.com’s plan to buy Whole Foods Market Inc. sparked an avalanche of discussion about how the online retail giant could transform the U.S. grocery industry in the years ahead.

But Amazon’s $13.7-billion deal might not be the last word on the merger itself.

Wall Street signaled Monday that it expects a rival offer for Whole Foods to surface, and many industry and merger experts agreed.

“Highly likely,” said Lloyd Greif, whose investment firm Greif & Co. specializes in mergers and acquisitions but isn’t involved with Whole Foods. Amazon “didn’t put this out of reach for everybody else” in terms of price, he said.

To read the rest of the story, please go to: Los Angeles Times

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