PROPOSED ACQUISITION OF GIANT EAGLE, INC. |
6 Months Ended | ||
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Aug. 15, 2026 | |||
| PROPOSED ACQUISITION OF GIANT EAGLE, INC. | |||
| PROPOSED ACQUISITION OF GIANT EAGLE, INC. |
On July 1, 2026, the Company announced it had entered into an agreement and plan of merger pursuant to which it will acquire Giant Eagle, Inc. (“Giant Eagle”). The transaction is valued at approximately $1,650, subject to customary purchase price adjustments, and consists of $1,250 in cash to be paid and approximately $400 in assumed indebtedness. In connection with obtaining the requisite regulatory clearance necessary to consummate the transaction, the Company and Giant Eagle expect to make limited Giant Eagle store divestitures. The transaction is expected to close in fiscal year 2027, subject to the expiration or termination of any applicable waiting period, and any extensions thereof, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the satisfaction or waiver of other customary closing conditions. |
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- Definition The entire disclosure for business combination. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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