Kroger Completes Tender Offer of Roundy’s Shares

The Kroger Co. has completed its tender offer to purchase all outstanding shares of Roundy’s Inc. common stock for $3.60 per share in cash, with the remaining eligible shares not acquired in the offer expected later on Friday toward a merger of the grocery companies.

“This merger blends Roundy’s complementary markets with Kroger’s strengths in scale and merchandising. Our future together is bright, and we look forward to learning from each other as partners,” said Rodney McMullen, Kroger’s chairman and CEO. “Most of all, we want to welcome each of Roundy’s more than 22,000 associates to the Kroger family of stores.”

The merger brings Roundy’s successful Chicago-area Mariano’s Fresh Market banner into the Kroger family of stores, along with Pick ‘n Save, Copps and Metro Market stores also operated by Roundy’s in Wisconsin.

“We look forward to bringing together the best of Roundy’s and Kroger for our customers and associates,” said Bob Mariano, who will continue to lead Roundy’s as president and CEO. He has served as chairman, president and CEO of Roundy’s since 2002. “Our merger with Kroger will help us continue to exceed our customers’ expectations.”

Cincinnati-based Kroger operates 2,774 supermarkets and multidepartment stores in 35 states and the District of Columbia under two dozen local banner names including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry's, Harris Teeter, Jay C, King Soopers, Mariano’s, Pick ‘n Save, QFC, Ralphs and Smith's.