Wednesday, July 19, 2017

Whole Foods Shareholders Sue to Block Amazon Merger - Courthouse News Service

As soon as Panzer entered the Catosphere today the Panzermobile was buffeted by ranting and raving and shouting. Following all the reverberating noises took our brave kitty boy to the Courthouse News Service site. There he found a post about two Texas court cases filed against the Whole Foods Market and Amazon merger/acquisition.

According to the post by Ryan Kocian, two Whole Foods Market shareholders have filed separate lawsuits against Whole Foods Markets and Amazon to stop the proposed merger/acquisition. In one suit Robert Riegel is suing Whole Foods Market and the board of directors. In the second suit Robert Berg is suing Whole Foods Market, the board of directors, and Walnut Merger Sub. Both suits claim a lack of certain financial information, the lack of certain conflict of interest information, and the lack of certain banker interest and financial compensation information makes the proxy statement false and misleading to the shareholders. Both suits are seeking to get class action status.

Blindsided me. Never saw it coming.
Panzer says, "Hmm ... And this little kitty thought it was going to be the federal government that would slow down the acquisition."

Note: This is a h-u-g-e post. Bring a thermos of tea, half a dozen muffins and two cinnamon rolls for today's reading selection.

To read the post tootle over to Whole Foods shareholders

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