May 23, 2018 / 8:22 PM / 6 months ago

BRIEF-Kroger Co and Home Chef Announce Merger Agreement

May 23 (Reuters) - Kroger Co:

* KROGER AND HOME CHEF TO JOIN FORCES TO REVOLUTIONIZE MEALTIME

* KROGER - INITIAL TRANSACTION PRICE IS $200 MILLION & FUTURE EARNOUT PAYMENTS OF UP TO $500 MILLION OVER 5 YRS CONTINGENT ON ACHIEVING CERTAIN MILESTONES

* KROGER CO - EXPECTS TRANSACTION TO HAVE NO EFFECT ON 2018 EARNINGS, AND TO BE SLIGHTLY ACCRETIVE IN 2019

* KROGER CO - POST DEAL, HOME CHEF TO OPERATE AS UNIT OF KROGER CO., MAINTAIN ITS E-COMMERCE BUSINESS ON HOMECHEF.COM Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below