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Stock Market & Financial Investment News

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June 19, 2014
10:20 EDTKRKroger says customers exhibiting 'less cautious' spending behavior
Says seeing strong positive indicators in shopping behavior, customers exhibiting less cautious spending behavior. Says more customers perceive the economy to be in recovery. Estimates inflation excluding pharmacy was 1.8% in Q1 and 2.1% with pharmacy. Sees inflation higher than expected for the rest of the year. Says committed to achieving a 2-2.2 net total debt to EBITDA ratio by mid-to-late 2015. Says integration with Harris Teeter "well under way." Sees capital spending in the $2.8B-$3B range for FY14. Expects dividend to increase "over time." Comments made on the Q1 earnings conference call.
News For KR From The Last 14 Days
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August 26, 2014
15:58 EDTKRKroger: Food 4 Less and unions reach tentative agreement
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August 19, 2014
14:22 EDTKRGabelli liquidates 8.99% stake in
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August 18, 2014
08:02 EDTKRKroger completes merger with
Kroger (KR) and (VITC) announced the successful completion of Kroger's tender offer to purchase all outstanding shares of common stock of for $8.00 per share in cash. The tender offer expired at 5:00 p.m., Eastern Daylight Time, on August 15, 2014. Kroger expects to complete the acquisition of the remaining eligible shares not acquired in the tender offer later today through a merger under Section 251h of the General Corporation Law of the State of Delaware. Following completion of the merger, shares will cease to be traded on the NASDAQ Global Market, which is expected to take effect later today.

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