business news in context, analysis with attitude

The Cincinnati Enquirer reports that Kroger CEO David Dillon said on Friday that the company plans to remain an independent public corporation, and is not interested in an leveraged buyout by a private equity firm.

The Wall Street Journal reported on Friday that private equity firms were interested in Kroger.

Dillon denied the WSJ piece in a memo to employees that was circulated late Friday. “I want you to know neither management nor our Board of Directors has any interest in pursuing a leveraged buyout transaction," he wrote.
KC's View:
Maybe not Kroger. But certainly one gets the sense that the phrase “private equity firm” is going to be used a lot here on MNB in the coming months.