Whole Foods Market Inc. (WFM) shareholders congregated at the company's Austin, TX headquarters and voted to approve the company's purchase by Amazon.com Inc. (AMZN) - Get Amazon.com, Inc. Report Wednesday.
The two companies are expected to close the $13.7 billion deal in the second half of 2017, pending regulatory approval and other closing procedures.
Amazon shook up the grocery world when it announced the purchase of Whole Foods earlier this year. The deal was announced just days before food delivery service Blue Apron Holdings Inc. (APRN) - Get Blue Apron Holdings, Inc. Class A Report debuted on the stock exchange, and Blue Apron's stock has not been able to recover since.
Whole Foods Market shares remained relatively unchanged Wednesday morning, climbing 0.07% to $41.74.
More of What's Trending on TheStreet:
- This Is Where McDonald's Is Closing a Lot of Restaurants
- Panera Bread's Founder Reveals Why Chain Is Putting Sugar Counts on Soda Cups
- Walmart Is Pulling Off a Surprising Feat in This Major Country
- Fort Knox Has a Mind-Blowing Amount of Gold Currently Hidden In Its Vaults