Kroger (KR) announces agreement to acquire Giant Eagle; deal valued at USD 1.65bln, including USD 1.25bln cash and USD 400mln liabilities

  • Deal expected to be accretive to adj EPS in second full year after close.
  • Deal expected to close in 2027 subject to regulatory clearance.
  • To finance deal with cash; targets net debt to adj EBITDA of 2.3–2.5x.
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