Kroger Agrees To Acquire Giant Eagle For $1.65B
Supermarket giant Kroger announced a $1.65B deal to acquire Pennsylvania-based grocery chain Giant Eagle, just 18 months after its $25B megamerger with Albertsons fell apart.
Kroger’s acquisition price includes $1.25B in cash considerations and the assumption of roughly $400M in outstanding liabilities. The company’s board of directors unanimously approved the deal.