WILTAMUTH: I don't think investors have any patience for acquisitions in the grocery space. If you look back to the 1990s, it's just littered with value-destroying deals, accretion that was promised but never delivered, and big acquisition premiums paid. WOLF: You are probably right because the industry is not well-regarded, but I think Kroger could pull it off. GIBLEN: You could justify a year of dilution, and maybe more, if you said a particular acquisition would change the ...

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