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Kroger to Buy Giant Eagle for $1.65B | Oakland News
Kroger is set to swoop in with a $1.65 billion deal to buy Giant Eagle, adding 197 supermarkets and 11 pharmacies across five states — a bold move to expand into high-potential markets. The cash-heavy acquisition, finalized by 2027 pending regulatory approval, aims to merge Kroger’s tech and operational muscle with Giant Eagle’s family-owned legacy, promising better value and experience for shoppers. Both CEOs see it as a growth accelerator, with Kroger targeting long-term earnings gains while keeping debt low and dividends flowing — all while potentially shedding a few stores to satisfy…
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