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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