Kroger

Business & Economy
5:15 pm
Thu October 3, 2013

Harris Teeter Shareholders Sign Off On Kroger Merger

Credit Mike Kalasnik via Flickr, Creative Commons

Harris Teeter shareholders have approved a plan for Kroger to acquire the Matthews-based grocery chain.  Harris Teeter officials said in a statement that 83 percent of the votes cast by shareholders were in favor of the $2.5 billion merger agreement.   The acquisition by Ohio-based Kroger still has to be approved by federal regulators. 

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Business & Economy
5:04 pm
Tue July 9, 2013

Kroger Is Buying Harris Teeter Supermarkets For $2.5 Billion

Kroger announced it is buying Harris Teeter.
Credit Mike Kalasnik via Flickr, Creative Commons

Leoneda Inge reports on Kroger, Harris Teeter merger.

Two of the largest grocery store chains in North Carolina announced their merger Tuesday.  Kroger is buying North Carolina-based Harris Teeter in a deal worth $2.5 billion.  Kroger will also pay cash for all of Harris Teeter's outstanding shares for $49.38 per share.

Kroger CFO Mike Schlotman told investors today there are no plans to close any Harris Teeter supermarkets or remove the banner from buildings.

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