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Amazon-Whole Foods deal hits dozens of stocks
June 16, 2017 / 5:28 PM / 3 months ago

Amazon-Whole Foods deal hits dozens of stocks

SAN FRANCISCO (Reuters) - Amazon.com’s plan to buy U.S. organic food retailer Whole Foods Market in a $13.7 billion deal unveiled on Friday has slammed supermarket operators, shopping mall REITs and payment processing companies as investors worry the online behemoth will do to supermarkets what it has done to book stores.

Reporting by Noel Randewich

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