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Archive for July, 2013

Harris Teeter shareholders sue over Kroger deal

Friday, July 19th, 2013

CHARLOTTE, N.C. (AP) – Harris Teeter shareholders have sued to block the purchase of the North Carolina grocery chain by the Kroger Co. of Cincinnati.

The Charlotte Observer reports (http://bit.ly/17nmsp5Published) the lawsuit was filed in Mecklenburg County on Tuesday.

The lawsuit says that Matthews-based Harris Teeter failed to get a high enough premium to its closing price.

Kroger agreed to buy Harris Teeter for $49.38 per share in cash, a 1.8 percent premium to the stock’s closing price the day before.

That price is about 34 percent higher than Harris Teeter’s stock was when rumors of a deal began six months ago.

The attorneys are asking a judge to block the transaction or award shareholders damages and attorneys’ fees.

A spokeswoman for Harris Teeter did not have a comment on the lawsuit early Thursday.

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Information from: The Charlotte Observer, http://www.charlotteobserver.com

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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CFCC students giving slaves individual traceable pasts

Friday, July 19th, 2013

Cape Fear Community College students are bringing history to life this summer

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N.C. lawmakers mull cap on mortgage interest deduction

Friday, July 19th, 2013

The legislation would cap the itemized deductions for mortgage interest and property taxes at $20,000.

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Community urged to be on the lookout

Friday, July 19th, 2013

Residents of the Carleton Place neighborhood near UNCW were put on alert this week.

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Local NAACP holding Trayvon Martin rally Saturday

Friday, July 19th, 2013

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WILMINGTON, NC (WWAY) — The local NAACP announced last night that it will hold a “Peace for Trayvon” rally Saturday.

It’ll be at the 1898 Memorial at 5 p.m.

George Zimmerman was acquitted of murdering Trayvon Martin in a highly publicized trial in Florida.

The Wilmington Journal is co-sponsoring the event.

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