U.S. Markets

Kroger (KR) announces agreement to acquire Giant Eagle; deal valued at USD 1.65bln, including USD 1.25bln cash and USD 400mln liabilities

News detail

Deal expected to be accretive to adj EPS in second full year after close. Deal expected to close in 2027 subject to regulatory clearance. To finance deal with cash; targets net debt to adj EBITDA of 2.3–2.5x.

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