Monday, April 09, 2007

Kroger (KR) not pursuing LBO

Kroger (NYSE: KR) : KR's, David Dillon, Chairman & CEO, said "neither management nor our Board of Directors has any interest in pursuing a leveraged buyout transaction." The Wall Street Journal reported on 4/6/07 "People familiar with the matter say a number of firms across the Street have been eyeing KR." KR over all option implied volatility of 21 is below its 6-month average of 23 according to Track Data. Paul Foster



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