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Kroger to Buy Grocer Giant Eagle in $1.6B Deal

U.S. grocer Kroger has reached a $1.65 billion deal to buy regional supermarket chain Giant Eagle, strengthening its presence in the Midwest and the Mid-Atlantic region. The transaction includes $1.25

NNN Triple Net Staff1 min read

U.S. grocer Kroger has reached a $1.65 billion deal to buy regional supermarket chain Giant Eagle, strengthening its presence in the Midwest and the Mid-Atlantic region. The transaction includes $1.25 billion in cash and the assumption of approximately $400 million in outstanding liabilities. Giant Eagle, which is privately held, has 197 supermarkets and 11 standalone...

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