Staff The Business Journal The Kroger Co. has agreed to acquire Harris Teeter Supermarkets Inc., purchasing all of the Matthews-based grocery chain’s stock for $49.38 per share in cash. Under the deal, Harris Teeter stores would continue to operate under that banner, and the operation would remain based in Matthews. Cincinnati-based Kroger (NYSE: KR) is paying a premium of 33.7 percent over Harris Teeter’s closing share price on Jan. 18, the day it was first reported that Harris Teeter was considering a possible sale of the company. Harris Teeter’s stock price has been rising significantly in recent weeks, driven by speculation that the company would be sold. Harris Teeter (NYSE: HTSI)...
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