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Giant Eagle will retain its name and Pittsburgh headquarters after $1.65 billion sale to Kroger
The Kroger Company announced the acquisition of Giant Eagle on Wednesday morning.
Giant Eagle is cutting prices at its stores this summer amid affordability concerns, joining Walmart, Sam's Club, and Stop & Shop. See what's cheaper.
Kroger said on Wednesday it would buy supermarket chain Giant Eagle in a $1.65 billion deal, as it looks to scale amid intense competition.
Kroger has agreed to acquire food and pharmacy retailer Giant Eagle for $1.65 billion in cash and assumed liabilities.
Giant Eagle will celebrate the completion of remodels at its Cranberry Township and West View supermarkets Thursday.
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