A Harris Teeter is under construction on Merrimon Avenue. Rumors that another grocery chain — Kroger — was buying the Charlotte-based company have been around for months, and last week, a deal was announced. As the Raleigh News & Observer reported, “The Kroger grocery store chain said Tuesday that it is buying the Harris Teeter chain in a deal valued at $2.5 billion.”
Today, the Asheville Citizen-Times noted a report that Harris Teeter shareholders are suing:
From the Charlotte Observer
Harris Teeter shareholders have sued to block the purchase of the North Carolina grocery chain by the Kroger Co. of Cincinnati.
The Charlotte Observer reports (http://bit.ly/17nmsp5Published) the lawsuit was filed in Mecklenburg County on Tuesday.
The lawsuit says that Matthews-based Harris Teeter failed to get a high enough premium to its closing price.
Read more here: http://www.newsobserver.com/2013/07/18/3037649/harris-teeter-shareholders-sue.html#storylink=cpy
Before you comment
The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.