FTC Approves Kroger And Harris Teeter Early Merger Termination

(RTTNews) - The Kroger Co. (KR) and Harris Teeter Supermarkets, Inc. (HTSI) announced that Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for pending merger transaction between the two companies.

Both companies expect the transaction to be completed before the end of January.

The merger agreement between Kroger and Harris was signed on July 9, 2013 after getting the approval from board members as well as shareholders of either companies.

Kroger is supposed to pay $49.38 in cash for each share of Harris Teeter common stock.