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Whole Foods Market Inc (WFM.O)

WFM.O on Nasdaq

42.56USD
27 Jun 2017
Change (% chg)

$-0.13 (-0.30%)
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$42.69
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

Whole Foods Market enters into a change of control agreement with CFO Keith Manbeck
Friday, 16 Jun 2017 09:38am EDT 

June 16 (Reuters) - Whole Foods Market Inc -:Whole Foods Market says on June 14, co entered into a change of control letter agreement with CFO Keith Manbeck - sec filing.Whole Foods - agreement provides if on change of control, manbeck's employment is terminated without cause, he will be entitled to receive lump sum cash payment of $2 million.Whole Foods - agreement provides, among other things, if termination occurs before co pays annual bonuses for 2017, manbeck to get additional cash payment of $975,000.  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

Jana Partners says no longer party to any call options related to Whole Foods
Tuesday, 30 May 2017 09:54am EDT 

May 30 (Reuters) - Whole Foods Market Inc :Jana Partners LLC reports 8.2 percent stake in Whole Foods as of May 27 versus 8.3 percent stake as of March 29 - SEC filing.Jana Partners LLC says it owns 26,074,830 shares of Whole Foods Market's common stock.Jana Partners LLC says as of May 19, Jana is no longer party to any call options related to Whole Foods Market.Jana Partners LLC says on May 27, Jana entered into a nominee agreement with Celeste Clark.Jana Partners says agreement makes Celeste Clark potential nominee to slate and stand for election as director of Whole Foods.  Full Article

Jana Partners takes sole share stake in Whole Foods Market
Monday, 15 May 2017 05:36pm EDT 

May 15 (Reuters) - Jana Partners LLC :Jana Partners LLC takes sole share stake of 14.3 million shares in Whole Foods Market Inc - sec filing.Jana Partners LLC - change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Whole Foods Market appoints Keith Manbeck as CFO
Wednesday, 10 May 2017 04:03pm EDT 

May 10 (Reuters) - Whole Foods Market Inc :Whole Foods Market appoints Keith Manbeck as Chief Financial Officer.Says announced appointment of Keith Manbeck as executive vice president and CFO, effective May 17, 2017.  Full Article

Whole Foods Market announces board refreshment with the appointment of five new independent directors and new board leadership
Wednesday, 10 May 2017 04:02pm EDT 

May 10 (Reuters) - Whole Foods Market Inc :Whole Foods Market announces board refreshment with the appointment of five new independent directors and new board leadership.Whole Foods Market Inc says gabrielle sulzberger has been appointed new chair of Whole Foods Market board of directors.Whole Foods Market Inc says Mary Ellen Coe has been appointed new chair of nominating & governance committee.Whole Foods Market Inc says significant refreshment of its board of directors by appointing five new independent directors, effective immediately.Whole Foods Market - Board of directors will comprise 12 directors, 10 of whom are independent and six of whom were added in last seven months.  Full Article

Whole Foods Market reports Q2 sales $3.7 billion
Wednesday, 10 May 2017 04:01pm EDT 

May 10 (Reuters) - Whole Foods Market Inc :Whole Foods Market provides shareholder update on accelerated path to delivering shareholder value and announces second quarter 2017 results.Q2 sales $3.7 billion versus I/B/E/S view $3.73 billion.Q2 adjusted earnings per share $0.37.Q2 GAAP earnings per share $0.31.Q2 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Whole Foods Market Inc-Sees additional $300 million in cost savings realized by FYE 2020.Whole Foods Market Inc- 2017 outlook excludes $76 million, or $0.14 per diluted share, in charges incurred in first and second quarters.Whole Foods Market Inc- Targeting: sales growth of 1.0% or greater for 2017.Whole Foods Market Inc-Sees comps of approximately -2.5% or better for 2017.Whole Foods Market Inc-Sees diluted EPS of $1.30 or greater for 2017.Whole Foods Market Inc- Expects to return to positive comparable store sales and earnings growth by end of fiscal year 2018.Whole Foods Market Inc- Targets for fiscal year 2020 total sales of over $18 billion; comps greater than 2.0%.Whole Foods Market Inc- Targets for fiscal year 2020 cash flow from operations of over $1.2 billion.  Full Article

Jana has yet to speak with Whole Foods about its plans- CNBC reporter, citing sources
Monday, 10 Apr 2017 06:56pm EDT 

: Jana has yet to speak with Whole Foods management about its plans and is actively attempting to engage with CEO John Mackey- CNBC reporter, citing sources Source ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Jana Partners intends to have talks with Whole Foods's board, discloses stake in co - SEC filing
Monday, 10 Apr 2017 02:54pm EDT 

Jana Partners LLC: Jana Partners LLC reports 8.3 percent stake in Whole Foods Market Inc as of March 29 - SEC filing . Acquired Whole Foods Market shares because the shares are undervalued and represent an attractive investment opportunity . Intends to have discussions with Whole Foods Market Inc's board of directors and management . Also prepared, to nominate individuals for election to Whole Foods' board and to participate in solicitation of proxies . Jana with help of other shareholders intends to have discussions with Whole Foods Market's board regarding changing Whole Food's board . Intends to discuss with Whole Food's board topics such as initiating a review of strategic alternatives . Intends to have talks with Whole Foods board regarding "optimizing" real estate and capital allocation strategies for Whole Foods .Intends to have talks with Whole Foods regarding Whole Foods' real estate, capital allocation strategies including "365" small store format.  Full Article

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