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Amazon to re-file documents seeking approval for Whole Foods deal

Published 07/24/2017, 05:28 AM
© Reuters.  Amazon to re-file documents seeking approval for Whole Foods deal
AMZN
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  • Looking to head off a lengthy deal review, Amazon (NASDAQ:AMZN) plans to re-file documents this week seeking government approval of its planned purchase of Whole Foods (NASDAQ:WFM) allowing for more time to complete an early review of the tie-up.
  • It's a tactic companies sometimes use in the hopes that antitrust regulators will get comfortable enough with a deal during the extended initial review that they will agree to forego a longer probe.
  • Antitrust advocates and Democrats in Congress have called for a close review of the purchase, raising questions about what the deal might mean for AMZN's online muscle and for the future of the retail grocery industry, but others believe a Amazon-Whole Foods combination would not have a dominant share of the grocery market.
  • Now read: Why You Should Sell Amazon After Its Next Earnings Release

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