CINCINNATI -- Kroger‘s stock rose just 0.38%, or 11 cents per share, in yesterday‘s trading following Friday‘s report in the Wall Street Journal that the company could be the target of a leveraged buyout. The chain issued a statement late Friday saying it was not considering a sale to private equity, but a source in the investment community told SN that investment firms were eyeing the company as a possible acquisition target. In yesterday‘s trading -- the markets were closed for Good Friday last week -- Kroger‘s stock closed at $29.22 amid the heavy volume that has been typical of the stock for the past four weeks. Other retailer and wholesaler stocks tracked by SN were mixed in yesterday‘s trading.
Kroger Stock Up Slightly After Buyout Report
CINCINNATI -- Kroger's stock rose just 0.38%, or 11 cents per share, in yesterday's trading following Friday's report in the Wall Street Journal that the company could be the target of a leveraged buyout.