CINCINNATI • Kroger, the country’s largest traditional supermarket operator, said Tuesday that it has agreed to buy Harris Teeter Supermarkets Inc. for about $2.44 billion in cash.
The deal expands Cincinnati-based Kroger’s store base in the southeastern and mid-Atlantic markets and increases the number of states it operates in by three to 34.
Under the terms of the agreement, Kroger will pay $49.38 for each of the fellow supermarket chain’s shares. The price represents a 2 percent increase over...
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