- Harris Teeter shareholders are expected to vote Thursday on whether or not to accept Kroger's $2.44 billion acquisition offer.
- The current agreement would see Kroger buy Harris Teeter at $49.38 cash per share, which would be 33% more than its stock value as of January.
- Some shareholders have pushed for a higher offer, but executives at Harris Teeter maintain that the deal would be fair as is.
The leadership at Kroger will be happy to see this deal tied up and sealed, now that the Cincinnati-based company is looking to expand on programs already in place at Harris Teeter and leverage the chain's 212 stores to bolster its presence in Southern and Mid-Atlantic states.
Given that Kroger beat out 18 competing bidders to win this deal, shareholders arguing for a higher offer certainly have a tough case to make.