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01 Jul 2026, 17:06

Grocery chain to buy Giant Eagle for $1.65 billion

  • Grocery chain to buy Giant Eagle for $1.65 billion, including $1.25 billion in cash
  • Giant Eagle has 197 supermarkets and 11 regional stores in total across the state of Pennsylvania
  • The grocery chain plans to acquire the company; the deal is expected to close in 2027

The grocery chain is buying Giant Eagle for $1.65 billion. The deal is expected to close in 2027.

Giant Eagle is a private company. It has 197 supermarkets and 11 regional stores in Pennsylvania, including Giant Eagle, Giant Eagle, Giant Eagle, and Giant Eagle.

The grocery chain is offering $1.25 billion in cash, which is enough to pay off approximately 400 million dollars in debt, according to the company.

General Director of Grocery Greg Foran said that Giant Eagle has strong fundamentals, and that the company’s products and services are in demand among consumers.

Grocery and Giant Eagle also said that the deal will allow the grocery chain to expand its presence in the U.S. market.

It is expected that the deal will be finalized this year. The parties also noted that the grocery chain’s direct acquisition of Giant Eagle will allow it to complete the acquisition plan in 2027.

Tags: Economy/USA

Articles on this topic:

  • apnews.com - Kroger buying regional grocer and pharmacy retailer Giant Eagle in deal valued at $1.65 billion
  • www.independent.co.uk - Grocery giant Kroger announces plan to buy new chain after failed Albertsons acquisition