Brief: Kroger To Acquire Giant Eagle In $1.65 Billion Deal
01/07/2026 13:43
BRIEF-Kroger To Acquire Giant Eagle In $1.65 Billion Deal July 1 (Reuters) - Kroger Co KR.N:
ANNOUNCES AGREEMENT TO ACQUIRE GIANT EAGLE
DEAL VALUED AT $1.65 BILLION INCLUDING $1.25 BILLION CASH AND $400 MILLION LIABILITIES
TO FINANCE DEAL WITH CASH; TARGETS NET DEBT TO ADJUSTED EBITDA OF 2.3–2.5X
DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS IN SECOND FULL YEAR AFTER CLOSE
DEAL EXPECTED TO CLOSE IN 2027 SUBJECT TO REGULATORY CLEARANCE
Source text: ID:nPn7059Vwa
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