CINCINNATI -- Kroger Co. here said last week it has reached an agreement with Pay Less Supermarkets, Anderson, Ind., to acquire the eight Pay Less stores for an undisclosed amount of cash. stores would continue to operate under the Pay Less name, with the same business hours, services, policies and employment levels. According to Don Becker, president of Kroger's central marketing area, headquartered in Indianapolis, "This merger will open several new markets for us as we continue to expand ...

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