Amazon to acquire Whole Foods in $13.7B bet on groceries

AN EMPLOYEE STOCKS the shelves with fresh peppers in the produce section of a Whole Foods Market Inc. store in Dublin, Ohio, U.S., on Friday, Nov. 7, 2014. Whole Foods Market Inc. posted fiscal fourth-quarter profit that topped analysts' estimates as the grocery-store chain slashed prices to win over bargain-hunting shoppers. The shares soared the most in four years. BLOOMBERG FILE PHOTO/ TY WRIGHT
AN EMPLOYEE STOCKS the shelves with fresh peppers in the produce section of a Whole Foods Market Inc. store in Dublin, Ohio, U.S., on Friday, Nov. 7, 2014. Whole Foods Market Inc. posted fiscal fourth-quarter profit that topped analysts' estimates as the grocery-store chain slashed prices to win over bargain-hunting shoppers. The shares soared the most in four years. BLOOMBERG FILE PHOTO/ TY WRIGHT
Updated at 10:22 a.m. NEW YORK - Amazon.com Inc. will acquire  Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into the supermarket business with hundreds of stores across the U.S. Amazon agreed to pay $42 a share in cash for the organic-food chain, including debt, a roughly…

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