Friday, June 23, 2000

Kroger deal with Winn-Dixie called off

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By Lisa Biank Fasig
The Cincinnati Enquirer

        The Kroger Co. on Thursday said it has agreed with Winn-Dixie to call off a 74-store deal, three weeks after federal regulators challenged the acquisition.

        The Federal Trade Commission had blocked Kroger's effort to acquire 69 Winn-Dixie stores in Texas and five in Oklahoma because it would give Kroger 33 percent of the Fort Worth, Texas, market. The FTC had said, though, that it would reconsider the deal if Kroger were willing to drop the Fort Worth stores.

        Kroger had been mum on the subject since, but at its annual meeting Thursday said the FTC's decision has no impact on Kroger's earnings expectations.

       

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