Kroger Cautious on Acquisitions, Economy

Officials of Kroger Co. reiterated a cautious outlook on acquisitions, saying that high prices — or low quality — has kept the retailer out of the market despite interest in a merger.

CINCINNATI — Officials of Kroger Co. here on Wednesday reiterated a cautious outlook on acquisitions, saying that high prices — or low quality — has kept the retailer out of the market despite interest in a merger.

"What we've seen is the people who selling any assets that are good enough quality we would want, still have some big idea of a big multiple in their head," David Dillon, Kroger's chairman and chief executive officer, told analysts at an investor conference here on W

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