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...

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