Kroger rebuts buyout reports


Cincinnati, Ohio: Kroger has denied claims it is considering a leveraged buyout following reports the retail chain is attracting interest from private equity firms. Chief executive David Dillon told staff: "I want you to know neither management nor our board of directors has any interest in pursuing a leveraged buyout transaction. Our focus is on the execution of our business strategy, which is to serve our customers, and in that way to continue to grow Kroger as an independent public company and create value for our shareholders."