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RPT-EXCLUSIVE-Wal-Mart not considering a bid for Whole Foods -source
June 23, 2017 / 8:08 PM / 4 months ago

RPT-EXCLUSIVE-Wal-Mart not considering a bid for Whole Foods -source

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June 23 (Reuters) - Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc , a source familiar with the matter told Reuters on Friday.

Whole Foods, which has accepted a $13.7 billion offer from Amazon.com Inc, has not received any rival bids as of Friday, a second source said. Both sources spoke on condition of anonymity because the matter is confidential.

A Wal-Mart spokesman declined to comment on whether the company is considering a bid for Whole Foods. Whole Foods and Amazon did not immediately respond to requests for comment.

Whole Foods shares have been trading above Amazon’s deal price of $42 since the deal was announced last Friday, as stock market investors speculate about the possibility of a higher offer.

Wal-Mart has been tipped as a potential bidder for Whole Foods by retail analysts. (Reporting by Nandita Bose in Chicago and Greg Roumeliotis in New York; Editing by Bill Rigby)

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