Amazon announces it will acquire Whole Foods Market

On June 16, 2017, Amazon (NASDAQ: AMZN) and Whole Foods Market, Inc. (NASDAQ: WFM) announced they have entered into a definitive agreement under which Amazon will acquire Whole Foods Market for approximately $13.7 billion. Whole Foods Market is one of the leading natural and organic foods supermarket that has more than 460 stores in the United States and had sales of approximately $16 billion, in 2016. According to Fortune’s 2017 world’s most admired companies, Whole Foods Market and Amazon ranked number 28 and number 2, respectively. According to John Mackey, Whole Foods Market co-founder and CEO;
“This partnership presents an opportunity to maximize value for Whole Foods Market’s shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience, and innovation to our customers.”
Under the terms of the Agreement, Whole Foods Market will continue to operate stores under the Whole Foods brand. Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction, which values the total transaction at approximately $13.7 million, including Whole Foods Market’s net debt. The transaction is expected to close during the second half of 2017.
Read the full press release at www.amazon.com


Below are highlights of additional Merger and Acquisition activity from the last week:

Information Technology M&A News: On June 13, 2017, Cognizant (NASDAQ: CTSH) announced that it has entered into a definitive agreement under which Cognizant will acquire TMG Health, a subsidiary of Health Care Service Corporation (HCSC). TMG Health is the leading national provider of Business Process Outsourcing solutions for Medicare Advantage, Medicare Part D, and Managed Medicaid plans. TMG Health will enter into a new, expanded, multi-year service agreement to continue providing information technology, business process and other services to HCSC’s various operating units and subsidiaries. The transaction is expected to close in the third quarter of 2017.
Read more at www.cognizant.com

Leisure Products M&A News: On June 19, 2017, Hayward Industries, Inc. (“Hayward”) announced that it has entered into a definitive agreement with a partnership led by CCMP Capital Advisors, LP (“CCMP”) and MSD Partners, L.P. (“MSD Partners”). Under the agreement, CCMP and MSD Partners will acquire Hayward. Hayward is a leading global manufacturer of residential and commercial pool equipment.
Read more at www.hayward-pool.com

Energy Services M&A News: On June 19, 2017, Enerflex LTD (TSX: EFX), through its USA entity Enerflex Energy Systems, Inc. (“Enerflex”), announced that it has entered into a definitive agreement with Mesa Compression, LLC (“Mesa”), under which Enerflex will acquire Mesa for $106 million in cash. Enerflex is a single source supplier of natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment.
Read more at www.enerflex.com