Harris Teeter Eyes Sale

Harris Teeter Eyes Sale

“In the case of Harris Teeter, you have a very strong retail food franchise, and I think it would go in a range of six to eight times EBITDA.” — Chuck Cerankosky, analyst, Northcoast Research

MATTHEWS, N.C. — Harris Teeter Supermarkets last week said it had received an offer to acquire the company from two private equity firms and had subsequently engaged J.P. Morgan to evaluate its strategic alternatives.

A potential auction of the 200-store chain — considered to be one of the best conventional supermarket operators in the country — could generate between $2 billion and $2.

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