Harris Teeter shareholders approve merger with Kroger
Under the terms of the Merger Agreement, Harris Teeter shareholders will receive $49.38 per share in cash for each share of Harris Teeter common stock that they own. Upon closing of the transaction, Harris Teeter's common stock will no longer be publicly traded and Harris Teeter will be a wholly-owned subsidiary of Kroger.
The transaction remains subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Harris Teeter continues to expect that the transaction will close in the fourth calendar quarter of 2013.
For more information:
John B. Woodlief
Harris Teeter Supermarkets, Inc.
Tel: +1 704-844-3100