U.S. representative David Cicilline calls for hearing about Amazon-Whole Foods deal

U.S. representative David Cicilline calls for hearing about Amazon-Whole Foods deal

The Rhode Island Democrat leads the House's antitrust committee.

July 16, 2017
Press Release
Consumer Watch

WASHINGTON/NEW YORK - The top Democrat on the U.S. House of Representatives' antitrust subcommittee has voiced concerns about Amazon.com Inc's (AMZN.O) $13.7 billion plan to buy Whole Foods Market Inc (WFM.O) and is pushing for a hearing to look into the deal's impact on consumers.

The deal announced in June marks the biggest acquisition for the world's largest online retailer. Amazon has not said what it would do with Whole Foods' stores and other assets, but analysts and investors worry the deal could upend the landscape for grocers, food delivery services and meal-kit companies.

U.S. Representative David Cicilline requested the hearing on Thursday in a letter to the chair of the House Judiciary Committee and the subcommittee chairman. Amazon and Whole Foods declined to comment.

Amazon shares closed up 0.1 percent at $1,001.81. Whole Foods rose 0.3 percent to $42.10.

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