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Congressman calls for antitrust hearing into Amazon-Whole Foods deal

Congress should hold an antitrust hearing into the Amazon-Whole Foods deal to figure out what the implications of the transaction may be, Rep. David Cicilline, D-R.I., told CNBC on Tuesday.

In June, Amazon said it planned to acquire the grocery store chain for $42 a share, in a deal valued at $13.7 billion.

Last week, Cicilline wrote a letter to Rep. Bob Goodlatte, R-Va., the House Judiciary Committee chairman, and Rep. Tom Marino, R-Pa., the chairman of the Subcommittee on Regulatory Reform, Commercial and Antitrust Law, asking them to look into the issue.

"People have a lot of anxiety about the creeping monopolies and mega-mergers that are giving consumers less and less power in the marketplace," Cicilline said in an interview with "Closing Bell."

He said it...


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