Harris Teeter shareholders approve sale to Kroger

Harris Teeter’s West Ashley store on Savannah Highway is one of seven supermarkets the chain owns in the Charleston region.

Harris Teeter said its shareholders voted overwhelmingly today to approve a sale of the supermarket chain to The Kroger Co.

The deal was announced on July 8.

Nearly 99 of the votes cast at a special meeting near Charlotte were voted in favor of the $2.4 billion sale. That represented about 83 percent of Harris Teeter’s total common stock.

Stockholders are getting $49.38 for each share owned.

When the sale is finalized, most likely this quarter, Harris Teeter will become a wholly owned subsidiary of Ohio-based Kroger.

The Kroger buyout approval follows last month’s announcement that Harris Teeter is buying six supermarkets in the Charleston region and a future site on the Isle of Palms from Piggly Wiggly.

Matthews, N.C.-based Harris Teeter already has seven stores in the local area.