Kroger Strikes $1.65 Billion Deal To Buy Regional Grocer Giant Eagle
The Kroger Co. (NYSE: KR ) said Wednesday it has agreed to acquire privately held Giant Eagle for $1.65 billion, including $1.25 billion in cash and the assumption of about $400 million in liabilities. Following the announcement, the stock is trading lower during Wednesday’s session. Kroger Expands Regional Grocery, Ph