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Amazon Finalizes Whole Foods Acquisition As Competitors' Stock Prices Plummet
Resume![A customer carries his Whole Foods Market bag on May 10, 2017 in Miami. (Joe Raedle/Getty Images)](https://wordpress.wbur.org/wp-content/uploads/2017/08/0825_whole-foods-1000x667.jpg)
Amazon has announced its acquisition of Whole Foods closes on Monday, after a brisk approval by the Federal Trade Commission this week. The conglomerate released a statement Thursday saying it will slash prices on some items starting Monday, sending stock prices of competing groceries like Kroger and Costco into a tailspin.
Here & Now's Lisa Mullins talks with Michael Regan (@Reganonymous) of Bloomberg News about Amazon's acquisition of Whole Foods.
This segment aired on August 25, 2017.