» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 129 | NO. 20 | Thursday, January 30, 2014

Largest US Grocer Kroger Closes Harris Teeter Buy

AP

Print | Front Page | Email this story | Comments ()

MATTHEWS, N.C. (AP) – The country's largest traditional supermarket operator says it's completed its purchase of regional grocer Harris Teeter Supermarkets Inc.

Cincinnati-based Kroger Co. said Wednesday the agreement to pay Harris Teeter shareholders $49.38 per share closed Tuesday. Harris Teeter Chairman and CEO Thomas Dickson is retiring.

Matthews-based Harris Teeter has more than 200 stores in eight southeastern and mid-Atlantic states, including locations in Delaware, Florida, Maryland and Washington, D.C., where Kroger did not have a presence.

The combined company will operate more than 2,600 supermarkets and employ nearly 370,000 people across 34 states and the District of Columbia. Harris Teeter will keep its name along with other Kroger subsidiaries including Fred Meyer, Fry's, Dillons, King Soopers, QFC and Ralphs.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 0 0 3,796
BUILDING PERMITS 0 0 35,330
BANKRUPTCIES 58 58 14,092
BUSINESS LICENSES 22 22 5,013
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.