/

|

Highlights
Kroger announced Wednesday that it plans to acquire supermarket chain Giant Eagle for $1.65 billion. 
The deal, which the companies expect to close in 2027, includes $1.25 billion in cash plus the assumption of $400 million in liabilities. The grocers expect to make “limited” divestitures of Giant Eagle stores in order to receive regulatory approval.
“We evaluated the opportunity carefully, and the strategic fit is clear. Giant Eagle expands our reach into attractive adjacent markets, allowing us to do what we do best: Run outstanding stores, deliver fresh foods and convenient meal solutions at affordable prices, and take care of our customers and associates every single day,” Kroger CEO Greg Foran said in a statement.