I own a distribution company and service several large customers. Been rumored for a while that Kroger corp. was going to buy out all Winn Dixie. Really didnt think it would happen but have been told there will be a major announcement Feb 22nd.
Didnt think much of it until today when I found out that they havent paid any of their bills since Dec 31st. I get paid through another company so it doesnt bother me finacially.
Just wondering if I was to buy some WD stock which is in the gutter right now would it become equal value with Kroger stock upon the possible buyout.
Didnt think much of it until today when I found out that they havent paid any of their bills since Dec 31st. I get paid through another company so it doesnt bother me finacially.
Just wondering if I was to buy some WD stock which is in the gutter right now would it become equal value with Kroger stock upon the possible buyout.
