Whole Foods Market, Inc. to Lower Prices: What You Need to Know

Amazon.com (NASDAQ: AMZN) has all of the permissions in order to close on its acquisition of Whole Foods Market (NASDAQ: WFM), which was first announced in May. The acquisition will close on Monday, Amazon said in a press release on Thursday.

Though Amazon's official acquisition of Whole Foods is notable news, the most interesting information that surfaced in Amazon's press release about the acquisition was the e-commerce giant's plans to begin cutting prices immediately -- a move that has the potential to rapidly accelerate Whole Foods' sales and subsequently help the health foods grocer gain market share.

Image source: Whole Foods Market.

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Source: Fool.com