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The Kroger Co and, Inc announces definitive merger agreement

Wednesday, 2 Jul 2014 08:11am EDT 

The Kroger Co and, Inc:Says definitive merger agreement under which Kroger will purchase all outstanding shares of for $8.00 per share in cash, or about $280 mln.Under terms of merger agreement, Kroger will commence tender offer for all of outstanding shares of common stock.Any shares of common stock not acquired in tender offer promptly will be acquired by Kroger in a subsequent merger.Tender offer and merger are subject to stockholders tendering at least a majority of the outstanding shares of common stock in tender offer, certain regulatory approvals and other customary closing conditions.Transaction is not subject to any financing condition.Transaction is expected to close in the third calendar quarter of 2014. 

Company Quote

-0.0050 -0.06%
21 Jul 2014