Kroger announces $1.65 billion acquisition of Giant Eagle
Kroger announced it will acquire regional grocery chain Giant Eagle for $1. 65 billion, 90. 5 WESA reported. The purchase adds 197 supermarkets and 11 pharmacies to Kroger’s portfolio.
The Cincinnati Enquirer said the transaction is expected to close in the coming years pending regulatory approval. Fox Business noted the deal expands Kroger’s Midwest and Mid-Atlantic footprint after a blocked merger with Albertsons. Regulatory review will determine whether the acquisition proceeds.
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Kroger
Giant Eagle
Greg Foran
Bill Artman
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