Matthews, NC
By Eric Anderson
5.13.13
Harris Teeter has said that acquisition talks with prospective buyers are ongoing, according to a securities filing.
The company has kept mum about the talks since February, when it first indicated it has hired J.P. Morgan after being approached by two hedge funds which expressed interest in acquiring it. The company released the information with a quarterly report filed with the Securities and Exchange Commission, as reported by the Charlotte Observer.
“These discussions are continuing; however, there can be no assurance that these discussions will result in any transaction,” Harris Teeter said of the acquisition talks. “The company does not plan to provide any additional information until discussions are concluded.”
Publix, Kroger, as well as Ahold, owner of the Giant supermarket chain, have been indicated as possible buyers by analysts.
As of late, sales and profits rose for the company. Sales climbed 4.3 percent to $1.17 billion for the second quarter and profits rose over 8 percent to $32.9 million.
Harris Teeter Report
