Supermarket Chain Shareholders Agree To $2.5B Kroger Deal

Law360, Los Angeles (October 3, 2013, 6:09 PM EDT) -- Harris Teeter Supermarkets Inc. shareholders voted overwhelmingly in favor of a $2.5 billion deal for it to be acquired by The Kroger Co., the North Carolina-based grocer told investors Thursday.

Nearly all of the shareholders — 99 percent — voted in favor of the deal, the company said, despite a suit filed earlier this year in North Carolina state court objecting to the acquisition’s pricing. That suit accused Harris Teeter’s board of improperly calculating the value of the shareholders’ investment in the company.

Harris Teeter stockholders...
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