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7 Top M&A Highlights of Q3

Mergers & acquisitions took off in the third quarter with some eye-popping and historic buyouts

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Kroger KR stock to sellThe 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.

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