Whole Foods shareholders need to approve the transaction, which is expected to close in the second half of 2017 and is valued at about $13.7 billion, said a joint news release Friday from Amazon and Whole Foods. The Whole Foods name will be retained, and John Mackey will remain its CEO.
As of Dec. 31, 2015, Amazon had $2.1 billion in defined contribution assets, according to its most recent Form 5500 filing. As of the same date, Whole Foods had slightly more than $800 million in DC assets, according to its most recent 11-K filing.
A Whole Foods spokeswoman could not immediately be reached for additional information.