The Kroger Co. (NYSE: KR) and Roundy's, Inc. (NYSE: RNDY) completed Kroger's tender offer to buy all outstanding shares of Roundy's common stock for $3.60 per share in cash. The tender offer came to the end on December 17, 2015.
The remaining Roundy's shares not acquired in the tender offer were sold through a merger under Section 251(h) of the General Corporation Law of the State of Delaware.
Rodney McMullen, Kroger's chairman and CEO said that the union blends Roundy's harmonizing markets with Kroger's powers in scale and merchandising.
"Most of all, we want to welcome each of Roundy's more than 22,000 associates to the Kroger family of stores," said Rodney McMullen.
Bob Mariano, who will