Kroger is buying North Carolina-based Harris Teeter

The Kroger Co. (NYSE: KR) and Harris Teeter Supermarkets, Inc. (NYSE: HTSI) today announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Harris Teeter for $49.38 per share in cash. There is a Harris Teeter supermarket located on 15-501 in northeast Chatham County.