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Enthusiasm fades over likelihood of higher Whole Foods Market offer

Published 06/26/2017, 01:44 PM
© Reuters.  Enthusiasm fades over likelihood of higher Whole Foods Market offer
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  • Whole Foods Market (NASDAQ:WFM) is down 0.43% on the day to trade at $42.75.
  • The trading premium over the $42 offer price from Amazon (NASDAQ:AMZN) has narrowed with Wal-Mart (NYSE:WMT) believed to be out of the running for making a higher WFM bid and Kroger (NYSE:KR) stepping up its buyback activity.
  • Gordon Haskett analyst Chuck Grom notes that Ahold and Target are now two of the only remaining "realistic" buyers of Whole Foods at a higher price.
  • Now read: Whole Foods: We Need Albertsons More Than Ever


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