Kroger to Acquire Giant Eagle in $9 Billion Deal

The Kroger Co. (NYSE: KR) announced a definitive agreement to acquire Giant Eagle, Inc., a family-owned food and pharmacy retailer with approximately $9 billion in annual sales. The transaction, unanimously approved by Kroger's Board of Directors, is expected to close in 2027, subject to regulatory clearance and other customary closing conditions. Kroger anticipates the acquisition to be accretive to adjusted EPS per diluted share in the second full year after closing.