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WRAL SmartShopper

WRAL SmartShopper

Kroger deal approved by Harris Teeter shareholders

Posted October 3, 2013

 

Harris Teeter shareholders voted to approve the Kroger deal in a vote this morning. Eighty-three percent of shareholders approved the deal and the sale is expected to be final by the end of the year.  The sale offers $49.38 cash per share. For more details, see this article.

The initial announcement that Kroger was buying Harris Teeter was made back in July. You can see more details at the link in the box above. Since then, Harris Teeter management has consistently assured shoppers that nothing will change and that Harris Teeter will remain the same, including the management. We shall see.

Hopefully the introduction of Publix into the Triangle market will encourage Harris Teeter to remain competitive and continue their generous coupon policies.

6 Comments

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  • lorawatson Oct 4, 2013

    Faye, i think this was when I was out for surgery.

  • luvstoQ Oct 3, 2013

    From what I have experienced in Piggly Wigglys, just can't see them turning into HT's! From what I remember they were barely in the Food Lion class of grocery stores!

    Am not very impressed with Krogers either - sure hope they leave HT the way it is, and not try to bring them down to their level of disorganized and disheveled stores.

  • jdouglas13 Oct 3, 2013

    Nooooooooooooooo :...(

  • Faye Prosser - Smart Shopper Oct 3, 2013

    lorawatson - We chatted about the Piggly Wiggly story a couple weeks ago here:

    http://www.wral.com/harris-teeter-purchasing-7-piggly-wiggly-stores-in-sc/12886102/

    Here is the press release with the details from HT:

    http://www.harristeeter.com/about_us/press_room/press_releases.aspx?article=928

  • lorawatson Oct 3, 2013

    Its funny that it was not public that Harris Teeter just purchased some Piggly Wigglys. From my source Piggly Wigglys will turn into Harris Teeters. Some HT employees are being sent to the PW's in the next couple of months to train the existing employees on HT standards.

  • ctya Oct 3, 2013

    Time will tell.