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Amazon.com Inc (AMZN.O)

AMZN.O on Nasdaq

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25 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Sears Holdings Corp ‍announces launch of kenmore products on Amazon.Com​
Thursday, 20 Jul 2017 08:00am EDT 

July 20 (Reuters) - Amazon.Com Inc ::Sears Holdings Corp - ‍announced launch of kenmore products on Amazon.Com​.Sears Holdings Corp - terms of deal were not disclosed..  Full Article

Amazon has launched Amazon Pay Places at TGI Fridays via Amazon app
Wednesday, 19 Jul 2017 11:45am EDT 

July 19 (Reuters) - Amazon.Com Inc ::Amazon says co, T.G.I. Fridays customers can order ahead from T.G.I. Fridays using new feature in Amazon mobile app - Amazon Pay places - Spokesman‍​‍​.Amazon says new feature to order from TGIF is for customers in Boston, Philadelphia, Baltimore, Washington D.C., Richmond, Wilkes-Barre - Spokesman‍​‍​.  Full Article

‍Avis Car Rental announces its integration with Amazon Alexa​
Monday, 17 Jul 2017 09:00am EDT 

July 17 (Reuters) - Amazon.Com Inc :Avis Budget Group Inc - ‍company's offering with Amazon Alexa will be available to public by end of August​.Avis Budget Group - ‍with new skill for Alexa-enabled devices, Avis customers will be able to make car rental reservation among others​.  Full Article

Albertsons said to stall renewed IPO plans amid amazon deal - Bloomberg
Tuesday, 11 Jul 2017 12:51pm EDT 

July 11 (Reuters) - :Albertsons is said to stall renewed IPO plans amid Amazon deal - bloomberg.  Full Article

Whole Foods sought $45 per share offer from Amazon
Friday, 7 Jul 2017 09:32am EDT 

July 7 (Reuters) - Amazon.Com Inc :Whole Foods Market Inc - co's board unanimously recommends that shareholders vote “for” the proposal to approve deal with Amazon - sec filing‍​‍​.Whole Foods-april 20 -may 4, received inquiries from 4 pe firms indicating if co was interested in leveraged buy-out, pipe, they might be interested in such deals.Whole Foods - on may 30, board discussed overtures made by other third parties, including company x, company y, 4 private equity firms that previously contacted co and/or evercore.Whole Foods Market Inc- on may 23, received a written offer from Amazon.com to acquire the company for $41.00 per share of the company’s common stock.Whole Foods - on may 30, board decided that making counter proposal at higher price was most effective response, resolved to make a counter-proposal to amazon at $45.00/share.Whole Foods - following may 30 board discussion on ongoing talks, board discussed contacts, reaffirmed consensus to not solicit proposals from pe firms.Whole Foods - decided not to solicit proposals from pe firms, given perspective of evercore that price proposed by Amazon.com likely exceeded price level a pe buyer could pay.Whole Foods Market - on june 1, amazon expected that co would not approach other potential bidders while company was negotiating with amazon‍​‍​‍​.Whole Foods says Evercore had noted Amazon.com had re-emphasized it would not be willing to further engage in case of a rumor or leak of potential deal.  Full Article

Ocado says Amazon/Whole Foods deal is positive for firm
Wednesday, 5 Jul 2017 02:45am EDT 

July 5 (Reuters) - Ocado :CEO says sees Amazon <<>>/Whole Foods <<>> deal as a positive for Ocado.CEO says firm has seen pick-up in interest from U.S. players since Amazon/Whole Foods deal.  Full Article

Walgreens Boots CEO- "View this deal as being more attractive than the transaction it replaces"
Thursday, 29 Jun 2017 09:57am EDT 

June 29 (Reuters) - Walgreens Boots :This quarter we've begun to implement a program in certain stores to simplify our offering and improve retail operational performance.In April, the first Boots franchise store opened in South Korea.CEO- given changes in the market during the longer-than-expected FTC review process and ongoing uncertainty about the potential outcome, decided not to continue with original deal.CEO- not assuming any debt from rite aid.CEO- "view this deal as being more attractive than the transaction it replaces... In what continues to be a challenging market for pharmacy".CEO- "obvious to us that the pressures on health care role and by extension pharmacy will continue".CEO- "we continue to experience some very challenging markets... Expect these challenges to continue and these may possibly get more difficult in the months and years to come".CEOon possibility of Amazon entering pharmacy buisness- "I don't believe Amazon will be interested in the near future in this market".Ceo on possibility of Amazon entering pharmacy market- "this is not the best opportunity for Amazon".Ceo on possibility of Amazon entering pharmacy market- they have so many opportunities around the world and in many other categories, which are simpler than health care, which is a very regulated business.Have designed new deal after taking into account all of the feedback that we received from FTC during the last 22 months.  Full Article

General Mills CEO - We've pulled back too far on investments in some key categories in FY2017
Wednesday, 28 Jun 2017 11:51am EDT 

June 28 (Reuters) - General Mills :CEO - we've pulled back too far on investments in some key categories and our overall execution was not up to our normal standards in fy2017.CEO - Q4 U.S. Meals & baking net sales decreased 1% hurt by declines in pillsbury refrigerated dough.CFO - " U.S. Industry trends in last few quarters have been challenging, not planning for a significant turnaround in those trends this year".CEO- began to see some improvement in our u.s. Retail sales trends in Q4.CEO- saw improvement in retail sales trends driven by strong merchandising execution and lower price, expect to drive further improvement over fy 2018.CEO- Oui yogurt pricing is premium but affordable.CEO- moderating pace of margin expansion as we focus on topline growth.CEO- " missed the mark last year on promotional spending, on soup and refrigerated dough. So in fy18 our goal is to be in the zone on pricing during the key season".CEO- "we're not looking to win on price... But we know we need to be more competitive this year".CEO- " all of our major customers have e-commerce components. ..there are a variety of customers who participate in e-commerce and so it's not going to be just one winner".CEO on Amazon-Whole Foods deal- "we've got great relationships with Amazon, and with Whole Foods...we feel like we're pretty well positioned".  Full Article

Whole Foods Market to pay $400 mln if merger agreement with Amazon.com is terminated
Friday, 16 Jun 2017 09:36am EDT 

June 16 (Reuters) - Amazon.Com Inc -:Whole Foods Market will be obligated to pay a fee equal to $400 million if merger agreement with co is terminated - sec filing.Company expects to finance merger with Whole Foods Market with debt financing, together with cash on hand.Amazon.com Inc - has entered into a commitment letter dated as of June 15, 2017, with Goldman Sachs Bank USA, among other.Amazon.com - commitment parties to provide 364-day senior unsecured bridge term loan facility of up to $13.7 billion to fund consideration for merger.Company board has unanimously approved merger agreement with whole foods market.  Full Article

Amazon to acquire Whole Foods for $13.7 bln, including debt
Friday, 16 Jun 2017 09:00am EDT 

June 16 (Reuters) - Amazon.Com Inc :Amazon to acquire whole foods market.Amazon says ‍transaction valued at approximately $13.7 billion, including Whole Foods Market's net debt​.Deal for $42 per share.Deal for ‍$13.7 billion​.Whole Foods Market will continue to operate stores under Whole Foods Market brand.John Mackey will remain as CEO of Whole Foods Market and Whole Foods Market's headquarters will stay in Austin, Texas.Deal is an all-cash transaction​.  Full Article

Retailers disregard Amazon at their peril - AlixPartners

Few of the largest U.S. retailers are prepared to compete effectively with online marketplace Amazon.com as it roils their industry and helps fuel its bankruptcies, according to the AlixPartners consulting firm.