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Published: 2013-02-13 08:33:00
Updated: 2013-02-13 11:48:03

Posted: February 13

Reports: Harris Teeter considers selling

Old El Paso Harris Teeter deal

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Old El Paso Harris Teeter deal
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Matthews, N.C. — Supermarket chain Harris Teeter is reportedly considering putting itself up for sale, according to media reports.

Both The Wall Street Journal and the Reuters news service reported the story, citing sources.

A Harris Teeter spokeswoman told WRAL News that the company would have no comment on rumors regarding mergers and acquisitions.

The reports say Harris Teeter, which operates several stores in the Triangle area, has retained financial services firm JP Morgan to help determine strategic alternatives.

Harris Teeter and JP Morgan were not talking about the reports.

The stories sent Harris Teeter shares up 6.6 percent in value to $39.50 on Tuesday. Its shares trade on the New York Stock Exchange.

According to Reuters, possible buyers include larger grocery chains such as Kroger and Publix.

Copyright 2013 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

113 Comments


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Latest Comments
Love the people who shop at HT. I can afford anything I want but I like to get the best bang for my buck. I enjoy having my wallet full of cash while you folks spend your money on expensive items you can get cheaper somewhere else. House and 3 cars are paid for and no credit card debt.
Click to view my profile superman
February 15, 2013 11:18 a.m.
Publix is a wonderful store and I hope that they come to NC I go to Florida in the winter and I just love this store. They have such fresh fruits and vegetables and you never need to ask for anything. The meats are always fresh and their pies are to die for. The one thing that I miss when we return from Florida is this supermarket. I hope they do come to NC. A little competition does not hurt.
winterconnie
February 14, 2013 5:35 p.m.
Nooooo please I don't want to lose my HT!!!
Click to view my profile AnneM71
February 14, 2013 5:35 p.m.
We have 3 sub par grocery stores where I live. I usually have to go to all 3 to get everything on my list. I make the 30 min trip to Harris Teeter about 2-3 times a month to get all the higher quality stuff that my local stores do not carry. I can only hope that whoever buys them doesn't turn them into another Food Lion, Walmart etc.
paddie
February 14, 2013 5:31 p.m.
"H T has the absolute BEST customer service. I'm willing to pay a little more for that, and avoid the "Walmartiians" at the same time! Rat Rod"

TOTALLY AGREE!!!
Micro citizen
February 14, 2013 10:01 a.m.
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