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Editor's notes: IMKTA may be the next deal in the grocery space. Sitting on a large amount of real estate value, the company has at least 30% upside based on recent deals.

The proposed acquisition announced today, whereby Harris Teeter (HTSI) announced that it had agreed to be acquired by Kroger (KR) for ~$2.5B confirms that M&A activity in the grocery sector is alive and well. The Harris Teeter acquisition would mark the second major M&A in the grocery sector during 2013, following the sale announced in January when Supervalu (SVU) sold a number of its grocery store chains to a consortium of private equity buyers. With private equity, along with Publix (OTCQB:PUSH), rumored to be potential acquirers of Harris Teeter, the question should now shift to what company in the sector might be the next logical acquisition...

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