More on Kroger (KR) - Harris Teeter (HTSI): The combined grocery operator will have 2,631...


More on Kroger (KR) - Harris Teeter (HTSI): The combined grocery operator will have 2,631 supermarkets operating across 34 states with the deal appearing to be focused on squeezing cost savings from the increased scale. Kroger says it will attempt to maintain its 2.00 - 2.20 debt -to-EBITDA ratio after the deal closes by paying down some debt. The narrow 1.8% premium paid to Harris Teeter shareholders is reflective of the 34% runup the stock has seen since the company announced it was exploring strategic alternatives. HTSI +1% premarket to $49.00.

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