On or around 09/26/2017 (Other)
Filing Date: July 13, 2017
According to the Complaint, on June 16, 2017, Amazon and the Company announced that they had entered into an Agreement and Plan of Merger dated June 15, 2017 (“Merger Agreement”), by which Amazon, through its wholly owned subsidiary, Walnut Merger Sub, Inc., (“Merger Sub”), will acquire all of the outstanding shares of Whole Foods for $42.00 per share in cash. The Proposed Transaction is valued at approximately $14 billion.
On July 7, 2017, Whole Foods caused the filing of a Preliminary Proxy Statement pursuant to Section 14(a) of the Securities Exchange Act of 1934. The Complaint alleges the Proxy Statement that was filed with the SEC is materially deficient and misleading in that it fails to provide adequate disclosures of all material information related to the Proposed Transaction.
On September 12, 2017, Plaintiff voluntarily dismissed this case as moot.
Company & Securities Information
Defendant: Whole Foods Market, Inc.
Industry: Retail (Grocery)
Headquarters: United States
Ticker Symbol: WFM
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Robert Riegel, et al. v. Whole Foods Market, Inc., et al.