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VOL. 129 | NO. 20 | Thursday, January 30, 2014

Largest US Grocer Kroger Closes Harris Teeter Buy

AP

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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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 137 550 13,176
MORTGAGES 136 615 17,085
FORECLOSURE NOTICES 19 74 3,364
BUILDING PERMITS 223 924 28,618
BANKRUPTCIES 73 376 10,866
BUSINESS LICENSES 20 131 4,335
UTILITY CONNECTIONS 0 472 16,821
MARRIAGE LICENSES 30 130 3,821

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