Money Investor
Long/short equity

Ingles Markets Could Be In Play After Harris Teeter Acquisition

The proposed acquisition announced today, whereby Harris Teeter (NYSE:HTSI) announced that it had agreed to be acquired by Kroger (NYSE: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 (NYSE:SVU) sold a number of its grocery store chains to a consortium of private equity buyers. With private equity, along with Publix (OTC: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 target. With a store count and...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details