The Kroger Co. to Acquire Giant Eagle for $1.65 Billion
July 1, 2026
The Kroger Co. announced a definitive agreement to acquire family-owned grocery and pharmacy retailer Giant Eagle in a $1.65 billion deal. Kroger will pay $1.25 billion in cash and assume about $400 million in liabilities, and the companies expect the transaction to close in 2027 after required regulatory approvals and limited store divestitures.
- Buyers
- The Kroger Co.
- Targets
- Giant Eagle
- Industry
- Retail
- Location
- United States
- Transaction Type
- Buyout
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