Harris Teeter Supermarkets Inc. announced today that the shareholders of the company had voted in favor of a previously agreement merger proposal with The Kroger Co. and the Hornet Acquisition Inc. The agreement proposed last July 8, 2013 received around 98.6% of shareholders' votes during a special meeting held today. The votes represented around 82.5% of Harris Teeter's outstanding common stock as of August 22, 2013.

Under the terms of the merger agreement, Harris Teeter shareholders would receive USD49.38 per share piece of the common stock they own in the company. The price would be paid in cash. Upon closing of the transaction, the common stock of Harris Teeter would no longer be traded publicly. Harris Teeter would become a wholly owned subsidiary of Kroger.

The transaction would still be subject to customary closing conditions including the expiration or termination of the waiting period as stated under the amended Hart-Scott-Rodino Antitrust Improvements Act of 1976.