Last week Amazon (AMZN US) announced that it would be buying Whole Foods (WFM US).
What most people don’t realize, it that it basically bought it for free.
Well, Amazon’s buying price for Whole Foods is approximately $13.583 billion.
Before the announcement, Amazon’s shares were trading at $964.17. Yesterday they closed at $992.59. Amazon has 478 million shares outstanding. Therefore, the change in share price was worth…
$13.585 BILLION – which is MORE than what they paid for Whole Foods!!!