Deals
Kroger Agrees to Buy Midwestern Supermarket Chain Roundy's
- Kroger will pay about $800 million, including debt, for chain
- Deal to be accretive to earnings in first year after it closes
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Kroger Co. agreed to buy supermarket chain Roundy’s Inc. for about $800 million including debt, adding 151 stores in the Midwestern U.S.
Kroger will pay $3.60 a share in the transaction and refinance Roundy’s $646 million in debt, according to a statement Wednesday. That price is about 65 percent above what Roundy’s traded at Tuesday.