Seeking Alpha

Kroger completes merger with Harris Teeter

  • Kroger (KR) says it expects to maintain its 2.00-2.20 net debt to EBITDA ratio after allocating more free cash flow to debt reduction in the wake of its merger with Harris Teeter (HTSI).
  • The grocery store operator projects to see EPS accretion of $0.06-$0.09 in the first full year after the merger.
  • Thomas Dickson, the former Chairman and CEO of Harris Teeter, has retired, according to Kroger.
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