When is a business deal 'love at first sight?'

Some may say that love at first sight is merely a myth, something to get people to buy expensive gifts for their crushes or to pursue an impromptu relationship. But who says that love at first sight is only limited to just people?

According to a recent abcnews.com report, the recent purchase of grocery retailer Whole Foods by online retailer Amazon.com was a “whirlwind courtship” and “love at first sight.” Whole Foods CEO John Mackey described the deal as such after the $13.7 billion deal was announced. By making the purchase, Amazon seeks to make significant changes in the way consumer purchase their groceries now and in the future. 

Apparently, like many storybook romances, the two companies were set up on a “blind date” by mutual friends. The executives immediately hit it off and talked business for hours. Whole Foods believed that it could reach its potential through loyalty programs and cost cutting efforts, and Amazon’s innovation would be a benefit to both parties.

Analysts suspect that Amazon’s latest foray into the food delivery market will put pressure on grocers, particularly Walmart, the nation’s largest grocer.

The purchase is being described as an “old fashioned marriage” not a “Tinder relationship,” meaning that a considerable amount of time will pass before the purchase is official. This basically means that the SEC will have its say and questions regarding antitrust are answered.

This is where the experience of skilled business law attorneys comes into play. Lawyers with knowledge of corporate mergers can identify legal issues that could stall or derail an important transaction. If you have questions about a potential marriage, we can advise you. 

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