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June 16, 2017 05:30 pm GMT
Today, Amazon made a bid to buy Whole Foods — a grocery chain — for $13.7 billion. That promptly sent the stock up around 30%. And it also looks pretty good considering its history in the past year, in which its continuing major bump came as an activist investor went after the companyin April. That investor, Jana Partners, has around an 8% stake in Whole Foods, which will turn out… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/B-0ajonhiKo/
How to make $300M in two months betting on groceries
Today, Amazon made a bid to buy Whole Foods — a grocery chain — for $13.7 billion. That promptly sent the stock up around 30%. And it also looks pretty good considering its history in the past year, in which its continuing major bump came as an activist investor went after the companyin April. That investor, Jana Partners, has around an 8% stake in Whole Foods, which will turn out… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/B-0ajonhiKo/
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