Kroger to acquire Giant Eagle for $1.65B
Kroger to acquire Giant Eagle for $1.65B
Kroger will acquire Giant Eagle for $1.65 billion, which comprises $1.25 billion in cash consideration and the assumption of approximately $400 million in outstanding liabilities. Giant Eagle is a leading retailer with approximately $9 billion in annual sales and 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana.