NEW YORK (AP) – On-line juggernaut Amazon is shopping for Entire Meals in a deal valued at about $thirteen.7 billion, together with debt.
Amazon.com Inc. can pay $forty two per share of Entire Meals Market Inc.
That marks an 18 % premium to Entire Meals closing worth on Thursday.
The deal comes a month after Entire Meals introduced a board shake-up and price-chopping plan amid falling gross sales. The grocery retailer operator was additionally underneath strain from activist investor Jana Companions.
The deal is focused to shut within the second half of the yr.
(Copyright 2017 The Related Press. All rights reserved. This materials will not be revealed, broadcast, rewritten or redistributed.)