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More on Kroger (KR) - Harris Teeter (HTSI): As part of the acquisition, Kroger will assume $100M...

More on Kroger (KR) - Harris Teeter (HTSI): As part of the acquisition, Kroger will assume $100M in outstanding debt but indicates it will continue with its quarterly dividend. The grocery store chain expects to add $0.06 to $0.09 to EPS in accretive value in the first full year after the merger due to the significant cost savings it will churn up.
Comments (1)
  • dukeoftralee
    , contributor
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    KR needed to take on debt by acquiring a major food chain that is a leader in its marketing area, or they were getting close to repeating the KKR scenario back in the 80's when KR let their stock get to cheap inviting the raid by KKR. Harris Teeter is a very good acquisition.
    9 Jul 2013, 07:28 PM Reply Like
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