M&A
confidence high
sentiment neutral
materiality 0.75
Kroger to acquire Giant Eagle for $1.65B in cash and assumed liabilities
KROGER CO
- Purchase price of $1.65 billion: $1.25B cash plus $400M in assumed liabilities.
- Giant Eagle is a family-owned food and pharmacy retailer operating in OH, PA, WV, MD, and IN.
- Acquisition expected to close in 2027, subject to HSR Act waiting period and other customary conditions.
- Kroger expects limited store divestitures to secure regulatory clearance for the deal.