Kroger to buy Giant Eagle for $1.65 billion

(WTAJ) -- Pennsylvania-based Giant Eagle has entered an agreement with the Kroger Company to be purchased for $1.65 billion, according to a news release from Kroger. Kroger announced the agreement Wednesday morning, saying the purchase will be comprised of $1.25 billion in cash consideration and the assumption of roughly $400 million in outstanding liabilities. "Giant [...]