An investigation on behalf of investors of Whole Foods Market, Inc. (NASDAQ:WFM) in connection with the proposed takeover was announced and NASDAQ:WFM stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 06/23/2017 --An investigation on behalf of investors, who currently hold shares of Whole Foods Market, Inc. (NASDAQ:WFM), was announced concerning whether the takeover of Whole Foods Market, Inc. by Amazon for $42.00 per share is unfair to NASDAQ:WFM stockholders.

Investors who purchased shares of Whole Foods Market, Inc. (NASDAQ:WFM) and currently hold any of those NASDAQ:WFM shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Whole Foods Market, Inc. breached their fiduciary duties owed to NASDAQ:WFM investors in connection with the proposed acquisition.

On June 16, 2017, Amazon (NASDAQ:AMZN) and Whole Foods Market, Inc. (NASDAQ:WFM) announced that they have entered into a merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market's net debt.

However, given that at least one analyst has set the high target price for NASDAQ:WFM shares at $47.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:WFM stockholders. More specifically, the investigation concerns whether the Whole Foods Market Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On June 22, 2017, NASDAQ:WFM shares closed at $43.20 per share.

Those who are current investors in Whole Foods Market, Inc. shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com