Harris Teeter Supermarkets, Inc.(HTSI)- NYSE
HTSI is defunct.
  • Jul. 9, 2013, 8:07 AM

    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.

    | Jul. 9, 2013, 8:07 AM
  • Jul. 9, 2013, 7:13 AM

    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.

    | Jul. 9, 2013, 7:13 AM | 1 Comment
  • Jul. 9, 2013, 7:07 AM

    Kroger (KR) acquires Harris Teeter (HTSI) for $49.38 in a deal valued close to $2.5B. The deal price marks a 33.7% premium over Harris Teeter's closing price the day it announced it was exploring strategic alternatives.

    | Jul. 9, 2013, 7:07 AM | 2 Comments
  • Mar. 4, 2013, 1:07 PM
    Grocery store chain Publix is reported to be interested in acquiring Harris Teeter (HTSI -1.4%). Bidding between the company and Royal Ahold (AHONY.PK) should commence later this month.
    | Mar. 4, 2013, 1:07 PM
  • Feb. 22, 2013, 7:29 AM
    Harris Teeter Supermarkets (HTSI) is attracting interest from Dutch firm Royal Ahold (AHONY.PK), according to Bloomberg. Buying the chain would help the Stop & Shop owner expand further in the southern part of the U.S.
    | Feb. 22, 2013, 7:29 AM