By Justine Griffin for the Herald-Tribune
A peculiar rumor about Florida’s No. 1 grocer, Publix Supermarkets, and upscale organic retailer Whole Foods Market grew legs and took off over the weekend.
The viral story about Publix buying Whole Foods spread quickly, appearing in newspapers across Florida and around the Internet. Whether or not you like the idea — and no one knows for sure where this rumor started, or why — it seems unlikely to be true.
The buzz began last week, when Austin, Texas-based Whole Foods’ stock jumped 6.6 percent on Wall Street in two days, and options activity spiked. Whole Foods’ profile also was raised when it was ranked on the 2014 Fortune 500 list announced last week.
Publix, too, has seen substantial growth so far this year. The Lakeland-based retailer posted $7.8 billion in sales in the first quarter, up about 4 percent compared with the same period last year.
But their growth is no reason the companies might merge, analysts say.
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