Kroger to Acquire Food and Pharmacy Retailer Giant Eagle for $1.65 Billion

The Kroger Co. announced it has entered into a definitive agreement to acquire Giant Eagle, Inc., a family-owned food and pharmacy retailer, for a total purchase price of approximately $1.65 billion. The acquisition is structured with $1.25 billion in cash and the assumption of approximately $400 million in liabilities.

Key Details

• Acquisition Target: Giant Eagle, Inc., a retailer with stores in Pennsylvania, Ohio, West Virginia, Maryland, and Indiana.
• Total Consideration: Approximately $1.65 billion, composed of $1.25 billion in cash and $400 million in assumed liabilities.
• Timeline & Conditions: The acquisition is expected to close in 2027, subject to regulatory approval, including Hart-Scott-Rodino clearance. The companies anticipate limited store divestitures to satisfy regulatory requirements.