Kroger acquiring Roundy's

Kroger acquiring Roundy's

GROCERY retailer The Kroger Co. and Milwaukee, Wis.-based Roundy's Inc. announced last week a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy's for $3.60 per share in cash. The transaction is valued at approximately $800 million, including debt.

"We are delighted to welcome Roundy's to the Kroger family," Rodney McMullen, Kroger's chairman and chief executive officer, said. "With a team of 22,000 talent

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