date:Jul 10, 2013
The Kroger Co. and Harris Teeter Supermarkets, Inc. announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Harris Teeter for $49.38 per share in cash.
The transaction price represents a premium of 33.7% to the Harris Teeter closing share price on Jan. 18, the day of the first media report that Harris Teeter was evaluating strategic alternatives. The terms of the agreement were approved by the boards of directors of both companies.
Harris Teeter bring