Kroger To Buy Giant Eagle in a Deal Worth ~$1.65 Billion

Kroger has revealed an agreement to purchase Giant Eagle at a purchase price of roughly $1.65 billion, with $1.25 billion in cash consideration and the taking on of ~$400 million in outstanding liabilities. “Giant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty,” said Greg Foran, Kroger’s CEO (more).