Kroger Co NYSE:KR:

  • ANNOUNCES AGREEMENT TO ACQUIRE GIANT EAGLE

  • DEAL VALUED AT $1.65 BILLION INCLUDING $1.25 BILLION CASH AND $400 MILLION LIABILITIES

  • TO FINANCE DEAL WITH CASH; TARGETS NET DEBT TO ADJUSTED EBITDA OF 2.3–2.5X

  • DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS IN SECOND FULL YEAR AFTER CLOSE

  • DEAL EXPECTED TO CLOSE IN 2027 SUBJECT TO REGULATORY CLEARANCE