Deals
Wal-Mart Said to Steer Clear of Making Rival Bid for Whole Foods
- Retail giant isn’t considering offer, person familiar says
- Amazon agreed to buy Whole Foods for $13.7 billion last week
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Amazon.com Inc.’s path to acquiring Whole Foods Market Inc. looks clear.
Wal-Mart Stores Inc., one of the few retailers with the resources to mount a counteroffer, doesn’t plan to make a Whole Foods bid, according to a person with knowledge of the matter. That leaves Amazon with few likely rivals after its $13.7 billion deal to buy the organic grocer on June 16.