Grocery Stocks Plunge After Amazon's Whole Foods Purchase
- Shares of Kroger, United Natural Foods, Target decline
- European grocers and discounters including Ahold also hit
How Amazon-Whole Foods Deal Benefits Each Company
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Perhaps avocado toast delivered by drone is closer than we thought.
Amazon.com Inc. sent shock-waves through the stock market when it announced the purchase of Whole Foods Market Inc. for $13.7 billion in cash, marking the biggest transaction ever for the e-commerce giant as it pushes deeper into groceries.