Supermarket chain the Kroger Co. (NYSE: KR) is acquiring grocery store retailer Roundy’s Inc. (NYSE: RNDY) for about $800 million in enterprise value.

Kroger will pay $3.60 per share in cash for Roundy’s stock and will also assume the target’s $646 million debt. Roundy’s shares closed at $2.18 on Nov. 10. Kroger is financing the deal with debt.

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