BRIEF-Kroger To Acquire Giant Eagle In $1.65 Billion Deal

Kroger Co.

Kroger Co.

KR

0.00

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

Further company coverage: KR.N


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