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LGT Navigator: Amazon stirs up retail sector

19 juin 2017

Amazon announced on Friday to acquire organic-food chain Whole Foods Market for USD 42 per share in an all-cash transaction, which corresponds
to a premium of 27% vs. its previous closing price and values the company at CHF 13.7bn including its net debt. This marks the biggest transaction ever for the e-commerce giant and its most aggressive move yet to get into the world of brick-and-mortar stores as well as groceries. While the share price of Amazon increased +3.3% on Friday, grocery stocks came under heavy pressure.

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