Kroger, one of the world's largest retailers, completed the acquisition of Roundy's, a leading grocer in the Midwest, for $800m. The transaction price represents a premium of approximately 65% to the Roundy's closing share price on November 10, 2015. The terms of the agreement were unanimously approved by the Boards of Directors of both companies. "We are excited about becoming part of The Kroger Co. Kroger's scale, knowledge and experience allows us to accelerate the strategic initiatives we have invested in and makes us a more formidable competitor in the marketplace. This is a great win for our customers, communities, employees and our shareholders, and I personally look forward to continue to exceed customer and employee expectations," Robert A. Mariano, Roundy's Chairman, President and CEO.