ebdem Posted May 22, 2017 Share Posted May 22, 2017 Some more insights by GreenWood on WFM: (there are also more videos from valuespania on the channel). Link to comment Share on other sites More sharing options...
Liberty Posted June 16, 2017 Author Share Posted June 16, 2017 https://www.bloomberg.com/news/articles/2017-06-16/amazon-to-acquire-whole-foods-in-13-7-billion-bet-on-groceries Link to comment Share on other sites More sharing options...
johnny Posted June 16, 2017 Share Posted June 16, 2017 Should have known from the absolute temper-tantrum Mackey was throwing last week that things were progressing well. Link to comment Share on other sites More sharing options...
pau_ Posted June 16, 2017 Share Posted June 16, 2017 Strange the market price shot above the offer price, isn't it? Are people expecting a bidding war? Sudden negative interest rates? Is it dumb algo &/ retail trading? Link to comment Share on other sites More sharing options...
HJ Posted June 16, 2017 Share Posted June 16, 2017 Somebody was espousing a theory that Walmart or Kroger may counter bid to forestall Amazon from entering the space so dramatically and quickly. The deal seemed like a pure financial one with activist pushing it behind the scene, who probably would be happy taking higher dollar bids regardless of where it's coming from. Link to comment Share on other sites More sharing options...
pau_ Posted June 16, 2017 Share Posted June 16, 2017 Thanks HJ, makes sense. Link to comment Share on other sites More sharing options...
johnny Posted June 16, 2017 Share Posted June 16, 2017 Somebody was espousing a theory that Walmart or Kroger may counter bid to forestall Amazon from entering the space so dramatically and quickly. The deal seemed like a pure financial one with activist pushing it behind the scene, who probably would be happy taking higher dollar bids regardless of where it's coming from. I don't really understand the rationale. They're all going to share the theoretical benefits of blocking Amazon, and I don't think any single player has enough share to justify absorbing the entire cost for that. Also, Amazon already has a delivery relationship Sprouts, which isn't quite Whole-Foods-sized but is close enough that it's hard to see what would stop Amazon from just buying Sprouts, doubling their storecount, and being in essentially the exact same position (except with Kroger now shouldering twice the debt-load). But who knows! Link to comment Share on other sites More sharing options...
Liberty Posted June 19, 2017 Author Share Posted June 19, 2017 http://features.texasmonthly.com/editorial/shelf-life-john-mackey/ Link to comment Share on other sites More sharing options...
Steven B Posted June 20, 2017 Share Posted June 20, 2017 To be clear, I'm not judging anyone. I just honestly want to know the position of the Whole Food Bulls. If they were honest with themselves, did they nail the investment or do they get lucky ala' wuphf.com from The Office? Link to comment Share on other sites More sharing options...
johnny Posted June 20, 2017 Share Posted June 20, 2017 Whole Foods markets have always had an "above it all" feel to them which makes the experience of shopping at them better than competitors. This was a difficult-to-value advantage, and they obviously were having some trouble turning that into exploding earnings, but it's clearly the value Amazon saw in the company, so I don't know why any bull wouldn't think Amazon validates their position (super-alien genius Bezos agrees that Whole Foods is the best?). Even though I was just suggesting Amazon -could- buy Sprouts if blocked here, there is a reason they didn't--even though it's less than a third of the price, cheaper per-store, etc. Link to comment Share on other sites More sharing options...
Liberty Posted July 7, 2017 Author Share Posted July 7, 2017 Merger prelim proxy: https://www.sec.gov/Archives/edgar/data/865436/000157104917006539/t1702003-prem14a.htm Link to comment Share on other sites More sharing options...
peridotcapital Posted July 7, 2017 Share Posted July 7, 2017 Merger prelim proxy: https://www.sec.gov/Archives/edgar/data/865436/000157104917006539/t1702003-prem14a.htm Interesting, the door is definitely open if PE or strategic buyers want this asset. From reading the background it does not seem likely that Amazon would get into a bidding war. $44 or $45 could probably get it done. Link to comment Share on other sites More sharing options...
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