7 Top M&A Highlights of Q3
Mergers & acquisitions took off in the third quarter with some eye-popping and historic buyouts
The supermarket industry saw further consolidation when Kroger (KR), the nation’s largest grocery-store chain, bought Harris Teeter Supermarkets (HTSI) for $2.5 billion in cash.
By buying Harris Teeter — which had $4.5 billion in revenue last year — Kroger adds 212 higher-end (read: higher-margin) stores to its already impressive base. It also deepens the company’s presence up the east coast from Florida to Delaware.
As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.
Article printed from InvestorPlace Media, http://investorplace.com/2013/09/mergers-acquisitions-ma-q3-third-quarter/.
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