The United States Federal Trade Commission (FTC) found no obstacles to prevent Amazon.com, Inc. (NASDAQ: AMZN) acquisition of Whole Foods but the antitrust division of the U.S. Department of Justice still has to approve of this deal aimed at officially being concluded by the end of this year.
Previously, the FTC investigated allegations of Amazon misleading discounts with claims that their reference prices listed for many of their products aren’t reflective of their actual costs prior to the discounts that the company is offering.
Now, Amazon recently announced their plan to sell a large amount of unsecured notes to help fund their acquisition of Whole Foods. This will be financed with bridge loans in the short term that will be paid off with cash that Amazon raises from foreign investors and qualified institutional buyers in the country. It is believed that the company is planning to complete more major acquisitions in the medium term since they aren’t financing the deal with their cash reserves.