Kroger Announces Agreement to Acquire Giant Eagle
Kroger is buying regional grocer and pharmacy retailer Giant Eagle in a deal valued at $1.65 billion.
Grocery chain Kroger announced Wednesday it has reached a $1.65 billion agreement to acquire Giant Eagle's 197 stores and 11 standalone pharmacies.
Kroger announced that it would buy Giant Eagle for just under $1.7 billion, a signal of the grocer's urgency to boost its footprint.
Kroger is buying regional grocer and pharmacy retailer Giant Eagle in a deal valued at $1.65 billion
Kroger said on Wednesday it would buy supermarket chain Giant Eagle in a $1.65 billion deal, as it looks to scale amid intense competition.
Giant Eagle has more than 200 stores throughout western Pennsylvania, north central Ohio, northern West Virginia, Maryland and Indiana
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Kroger to acquire Giant Eagle for $1.65B to expand its grocery and pharmacy footprint. Transaction expected to close in 2027.
A $1.25 billion merger will potentially grow Kroger’s footprint by 7 percent