- July 9th, 2013, 10:43 am
#433475
I'm not sure if Harris Teeter is still in Lynchburg or not. But Kroger just paid cash for all of their stores ...
Forbes wrote:Watch Out Wal-Mart? Kroger Buys Harris Teeter For $2.4 Billion Cash, Adding 212 Stores In Rich College TownsClick Here for Full Story
Clare O'Connor, Forbes Staff
RETAIL | 7/09/2013 @ 8:34AM
Kroger KR +2.74%, the nation’s largest grocery chain, just added 212 stores in eight states to its arsenal with an all-cash purchase of regional supermarket Harris HRS +1.11% Teeter in a deal valued at $2.44 billion.
The merger will see Kroger, an historically Midwestern outfit, gain further foothold in Southern and Mid-Atlantic areas described “high-growth markets, vacation destinations and university communities.”