The Kroger Co., Cincinnati, and Roundy's, Inc., Milwaukee, Wis., announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy's for $3.60 per share in cash.
"We are delighted to welcome Roundy's to the Kroger family," says Rodney McMullen, Kroger's chairman and CEO. "With a team of 22,000 talented associates, outstanding store locations and a shared commitment to putting customers first, we are excited about Roundy's future growth."