Amazon to Resubmit Documents Seeking Approval of Whole Foods Deal
Amazon.com (AMZN) - Get Report will re-file documents this week seeking government approval for its $13.7 billion deal to acquire health grocer Whole Foods Market (WFM) , according to the Wall Street Journal.
The move will allow antitrust officials to prolong their review of the deal first proposed in June.
The government's 30-day review period of the acquisition began on June 23, and Amazon's re-submission would restart the process, and ease some of the deadline pressures.
Several officials, some within the government, have urged for a thorough review of the deal, analyzing what it might mean for Amazon's online footprint, as well as the future of grocery stores.
Amazon shares rose 0.3% to $1,031.68 on Monday morning. Whole Foods' fell 0.1% to $41.73.
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