Friday morning Wall Street woke up to the surprising acquisition announcement of Whole Foods by Amazon for $13.7 billion or $42 per share in cash which includes debt. Last year, Walmart had paid a whopping $3 billion for jet.com in an effort to catch up to Amazon in the online retail business. So, now with this move, Amazon seems to have struck back at Walmart and the rest of the American grocery companies by stepping into the brick and mortar (B&M) world that has been dominated by Walmart thus far. As of Friday's closing prices, Whole Foods stock ended at $42.89 per share up $9.62 per share or $29.10 per share. As far as the other retailers of the grocery type, Walmart ended down 4.7%, Target was lower by 5%, Costco gave back 7% and Kroger was hit by 9% for a 2 days loss of 26%.

Source: Forbes June 18, 2017 16:41 UTC