US: Publix "interested" in regional retailer Harris Teeter
By Michelle Russell | 4 March 2013
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Neither Publix nor Ahold have made a formal bid yet |
US supermarket group Publix is reported to be interested in purchasing regional US retailer Harris Teeter.
According to Bloomberg, Publix will join Dutch retailer Ahold in making a bid for the retailer later this month. Ahold was last month reported to be interested in placing a bid for the 200-store company.
Harris Teeter last month confirmed it was exploring a possible sale. It said it was approached by two private-equity firms that had expressed an interest in purchasing the company.
Neither Publix nor Ahold have made a formal bid yet, sources told the publication.
Harris Teeter operates around 200 stores in North Carolina, South Carolina, Virginia, Georgia, Tennessee, Maryland, Delaware, Florida and Washington DC.
First-round bids are expected to be placed mid-March or later, Bloomberg reported.
A spokesperson for Publix said the company did not comment on rumour or speculation.
Sectors: Mergers & acquisitions, Retail
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