Deals
Whole Foods’ ‘Greedy Bastards’ Will Pocket $301 Million
- Activist hedge fund may realize a 38 percent gain on stake
- Amazon is paying $13.7 billion to buy Whole Foods Market
Amazon Makes Brick and Mortar Play on Groceries
Only two days ago, Whole Foods CEO John Mackey slammed activist investor Jana Partners as “greedy bastards” for pushing for a sale of his company. Jana has gotten the last word.
New York-based Jana stands to make more than $301 million from the sale of Whole Foods Market Inc. to Jeff Bezos’s Amazon.com Inc., according to data compiled by Bloomberg. That’s more than $6 million for each of the 48 trading days since the activist revealed its stake and suggested that the organic-food grocer consider putting itself up for sale.