Jun
24

Ahold, Delhaize in $28B Merger Deal

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Ahold’s US brands include Stop & Shop.

ZAANDAM, the Netherlands—Grocery giants Royal Ahold NV and Delhaize said Wednesday they had agreed to merge in a transaction valued at US $28 billion. With a combined 6,500 stores in the US and Europe, the merged company will be known as Ahold Delhaize and will be headquartered in the Netherlands.

“The proposed merger with Delhaize is an exciting opportunity to create an even stronger and more innovative retail leader for our customers, associates and shareholders worldwide,” says Ahold CEO Dick Boer, who will become CEO of the combined company post-merger.“With extraordinary reach, diverse products and formats and great people, we are bringing together two world-class organizations to deliver even more for the communities we serve.”…

Ahold, Delhaize in $28B Merger Deal

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