Kroger acquires Roundy's shares
Upon completion of the merger filed under Section 251(h) of the General Corporation Law of the state of Delaware, Roundy's shares will cease to be traded on the New York Stock Exchange.
"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," Kroger Chairman and CEO Rodney McMullen said. "Most of all, we want to welcome each of Roundy's more than 22,000 associates to the Kroger family of stores."
According to the depositary, approximately 33,144,128 shares were tendered and not withdrawn in the Kroger’s offer, representing nearly 67 percent of Roundy's total outstanding shares.
"We look forward to bringing together the best of Roundy's and Kroger for our customers and associates," Roundy President and CEO Bob Mariano said. “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."