Tuesday, July 9, 2013

Kroger to buy Harris Teeter chain in $2.4B deal

NEW YORK — Kroger, already the country's largest traditional supermarket operator, is expanding its reach in key southeastern and mid-Atlantic states by snapping up regional grocer Harris Teeter Supermarkets Inc. The $2.44 billion cash deal reflects 

The Harris Teeter store at the corner of The Plaza and Central Avenue in Charlotte's Plaza Midwwod neighborhood. Kroger Company announced Tuesday morning, July 09, 2013 that it will buy Harris Teeter Supermarkets in a $2.44 billion deal. DAVIE 

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Harris Teeter said it will continue to operate its 212 stores under its own name and maintain its headquarters in Matthews, Thomas W. Dickson, Chairman of the Board and Chief Executive Officer of Harris Teeter said in the 

Under the terms of the agreement, Kroger will pay $49.38 for each of Harris Teeter's shares. The price represents a 2 percent increase over the company's Monday closing stock price. The deal has been approved by both companies' boards, but remains 

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Kroger to buy Harris Teeter chain in $2.4B deal

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