According to a press release on HarrisTeeter.com, Kroger is buying the Harris Teeter chain in a $2.5 billion deal.
The release indicates that Harris Teeter will operate as a subsidiary of The Kroger Co. It will retain the Harris Teeter name and key members of senior management will still be located in Matthews, NC. There are no plans to close stores. Kroger is paying $49.38 per share for the grocery chain.
Update: For a letter regarding the sale from the President and CEO of Harris Teeter, see their website HERE.
What do you think this will mean for Harris Teeter shoppers?