Kroger completes offer to purchase all of Roundy’s stock


Dec. 18, 2015

MILWAUKEE — On Friday, the Kroger Co. announced it completed its tender offer to purchase all of the outstanding shares of Roundy’s common stock for $3.60 per share in cash.

According to the announcement, Kroger expects to complete the acquisition of the remaining eligible Roundy’s shares not acquired in the tender offer Friday.

“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, in a statement. “Most of all, we want to welcome each of Roundy’s more than 22,000 associates to the Kroger family of stores.”

As of the expiration of the tender offer, approximately 33,144,128 shares were validly tendered and not withdrawn in the tender offer, representing 67.138 percent of Roundy’s outstanding shares, according to the depositary.

“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 chief executive officer of Roundy’s since 2002.

“Our merger with Kroger will help us continue to exceed our customers’ expectations,” Mariano said in the statement.