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Stock Market & Financial Investment News

News Breaks
January 29, 2014
07:34 EDTKR, HTSIKroger completes merger with Harris Teeter
Kroger (KR) and Harris Teeter (HTSI) announced that the merger transaction between the two companies was completed on January 28. Harris Teeter shareholders will receive $49.38 per share of Harris Teeter common stock. Harris Teeter will continue to operate its stores under the Harris Teeter brand name as a subsidiary of The Kroger Co. Harris Teeter had revenues of $4.7B for 2013. Kroger intends to continue its quarterly dividend and share repurchase program while managing free cash flow to reduce the leverage taken on in this merger. Kroger continues to expect net accretion to earnings per diluted share in the range of 6c9c in the first full year after the merger. Kroger expects to achieve cost savings of approximately $40M-$50M, largely from the benefits of Kroger's enhanced scale, within the next four years. As of January 28, shares of Harris Teeter common stock ceased to trade on the New York Stock Exchange. Together, the company will operate 2,641 supermarkets and employ more than 368K associates across 34 states and D.C.
News For KR;HTSI From The Last 14 Days
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April 23, 2014
10:01 EDTKROn The Fly: Analyst Initiation Summary
ANSYS (ANSS) initiated with an Outperform at William Blair... AuRico Gold (AUQ) reinstated with an Outperform at Credit Suisse... Ball Corp. (BLL) initiated with a Neutral at JPMorgan... Central Valley Community Bancorp (CVCY) initiated with an Outperform at Fig Partners... Crown Holdings (CCK) initiated with an Overweight at JPMorgan... EQT Midstream Partners (EQM) initiated with a Strong Buy at ISI Group... First Cash Financial (FCFS) initiated with an Overweight at HSBC... Galmed (GLMD) initiated with a Buy at Maxim... Harman (HAR) initiated with an Outperform at RBC Capital... Interval Leisure (IILG) initiated with an Outperform at Imperial Capital... Kroger (KR) initiated with a Market Perform at Wells Fargo... Manulife Financial (MFC) initiated with a Buy at UBS... ONEOK Partners (OKS) initiated with a Neutral at ISI Group... Occidental Petroleum (OXY) initiated with a Neutral at Global Hunter... Owens-Illinois (OI) initiated with a Neutral at JPMorgan... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sun Life Financial (SLF) initiated with a Buy at UBS... Sysorex Global (SYRX) initiated with a Buy at Dougherty... TPG Specialty Lending (TSLX) initiated with a Neutral at Citigroup... UGI Corporation (UGI) initiated with an Equalweight at Barclays... WhiteWave Foods (WWAV) initiated with a Buy at Deutsche Bank... Williams Partners (WPZ) initiated with a Buy at ISI Group.
06:53 EDTKRKroger initiated with a Market Perform at Wells Fargo
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April 18, 2014
13:28 EDTKRKroger announces agreements with UFCW Local 1996
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