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Photo of John Mackey Mackey will remain CEO of Whole Foods, now a wholly owned subsidiary of Amazon.

SEATTLE—Amazon’s $13.7-billion acquisition of Whole Foods Market closed on Monday, and the new ownership wasted little time in making its presence felt at the high-end grocery chain. Shoppers at Whole Foods’ brick-and-mortar stores saw markdowns on selected grocery staples, and shares of the retailer’s common stock were converted into the right to receive $42 per share in cash.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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