๐ Kroger buying Giant Eagle for $1.65B โ $KR shares slide 2.8% at open
Kroger announced a $1.65 billion deal (cash + assumed liabilities) to acquire Giant Eagle, adding ~197 supermarkets and ~$9B in annual sales across Ohio, Pennsylvania, West Virginia, Maryland, and Indiana. Wall Street is selling the news โ $KR dropped 2.8% in premarket. The deal needs regulatory sign-off and isn't expected to close until 2027. After the failed Albertsons merger, is this Kroger's smart next move, or is the market right to be cautious? Not financial advice.
โก 4 buzzing
69 views
๐ 0 subscribed