US: Whole Foods shareholders approve Amazon deal

US: Whole Foods shareholders approve Amazon deal

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Whole Foods Market shareholders have voted in favour of Amazon’s US$13.7 billion acquisition of the high-end grocery chain, moving the game-changing deal one step closer to completion.

Investors approved a merger with the internet giant on Wednesday morning at Whole Foods’ headquarters in Austin, Texas, the Associated Press reported.

Completion of the transaction is still subject to approval by regulators and other customary closing conditions.

The definitive merger agreement was announced in mid-June, and the parties have previously stated they expect to close the transaction during the second half of 2017.

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