Whole Foods shares surge 28% on Amazon's $13.7 bn takeover
Shares of Whole Foods Market surged by as much as 28% on Friday after Amazon announced it will acquire the grocery store chain in an all cash deal valued at $13.7 billion. The takeover will be completed in the second half of the year, and marks the e-commerce giant's biggest transaction ever. Notably, Amazon shares were also trading 3.2% higher. 