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Post Info TOPIC: Kroger rumored as possible Harris Teeter buyer
Anonymous

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Kroger rumored as possible Harris Teeter buyer
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Kroger Co.s name has been mentioned as a potential buyer of North Carolina-based grocery chain Harris Teeter Supermarkets.

DealReporter, a Financial Times web publication that tracks mergers and acquisitions, said Wednesday that Kroger might be a likely buyer of the chain.

Harris Teeter hired J.P. Morgan to help it decide whether to sell the company and to consider other options, the Wall Street Journal reported Tuesday.

DealReporter had reported Jan. 18 that Harris Teeter was looking at a possible sale.

Kroger (NYSE: KR), of course, isnt saying whether or not its interested in buying Harris Teeter, a chain of about 200 stores along the East Coast from Florida to Delaware. Kroger has more than 2,400 stores in 31 states. But it doesnt have any in Florida, Maryland or Delaware, and it has just 16 stores in North Carolina, according to its most recent Fact Book.

Kroger CEO David Dillon told investors in October that Kroger will invest $200 million a year to boost square footage, add stores in existing markets and target new markets. That could include acquisitions, he told the Wall Street Journal.

And DealReporter pointed out that Kroger just increased its shelf registration to issue stocks and bonds by $1.8 billion. That now means its registered to sell up to $2.5 billion in securities. That could pave the way for a sizable acquisition.

 

Kroger rumored as possible Harris Teeter buyer

Harris Teeter Eyes Sale

 

Funny how Harris Teeter is/was building a brand new store right across the street from us.

I am hoping they buy that building so that we could just move across the street and make it our new marketplace kroger.



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thedude


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where are they located in florida?



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Anonymous

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thedude wrote:

where are they located in florida?

 

HeadquartersMatthews, North Carolina
Area served

Georgia, South Carolina, North Carolina, Tennessee, Virginia, Florida, Maryland, Delaware, and the District of Columbia

 

 

 

 



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SayWhat


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thedude wrote:

where are they located in florida?

 "But it doesnt have any in Florida, Maryland or Delaware"

No Kroger for Florida yet.



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Anonymous

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SayWhat wrote:
thedude wrote:

where are they located in florida?

 "But it doesnt have any in Florida, Maryland or Delaware"

No Kroger for Florida yet.

 and florida, maryland, and delaware can do with out the kroger



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thedude


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i found 1 Harris Teeters in florida located way up north on the Eastern Georgia boarder.  Kroger does have several stores located in the panhandle under some name.  not sure if they are full stores or just C stores



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I am no longer part of the oppressed, evil workforce of Kroger!  Can you say "Hallelujah"  
store815


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Really krogers you need more stores.

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Anonymous

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store815 wrote:

Really krogers you need more stores.

 

they can't become walmart 2.0 without them



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grumpy1


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there seems to be another suitor for this company besides kroger
===================================================

Feb 22, 2013
Ahold Reportedly Eying Harris Teeter Purchase

Harris Teeter Supermarkets Inc., which has retained JPMorgan Chase & Co. to explore its options in regard to putting itself up for sale, has snared the attention of retail conglomerate Ahold, according to a report in Bloomberg Businessweek, citing people with knowledge of the matter. The companies involved have declined to comment on the matter.
 
The report said that Amsterdam-based Ahold has contacted New York-based JPMorgan for additional information on the sale process, but hasnt yet made a formal bid.
 
We regard Harris Teeter as a likely deal for Ahold, Rabobank analyst Patrick Roquas wrote in a report cited by Bloomberg. Acquiring Harris Teeter would facilitate Aholds further expansion in the southern United States and Washington, D.C., added BMO Capital Markets analyst Karen Short in the article. Short also mentioned Lakeland, Fla.-based Publix Super Markets Inc. and Cincinnatis Kroger Co. as possible buyers.
 
Other brokerages, among them Barclays, were skeptical that Ahold would buy all of Harris Teeter, positing that returning proceeds from the recent sale of its stake in Swedish grocer ICA to its shareholders would be a better move, according to Bloomberg.
 
Matthews, N.C.-based Harris Teeter, which operates more 200 stores in the Southeast, said it hired JPMorgan after being approached by two private equity firms, which it declined to identify.


http://www.progressivegrocer.com/top-stories/headlines/industry-intelligence/id37428/ahold-reportedly-eying-harris-teeter-purchase/



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