SmartShopper
Kroger deal approved by Harris Teeter shareholders
Harris Teeter shareholders voted to approve the Kroger deal in a vote this morning. Read on for more details.
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By Faye Prosser
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.
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