[ADVERT]
Share Name Share Symbol Market Type
Ahold Kon EU:AH Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.00 -

Delhaize, Ahold Expect Merger to Complete By End July

12/07/2016 7:51am

Dow Jones News


Ahold Kon (EU:AH)
Historical Stock Chart


From Jan 2017 to Jan 2022

Click Here for more Ahold Kon Charts.

By Ian Walker

 

Food retailers Delhaize Group (DELB.BT) and Koninklijke Ahold N.V. (AH.AE) said Tuesday they expect to complete their roughly $31 billion tie-up by the end of July, subject to U.S. Federal Trade Commission approval.

The companies announced their merger plan in June last year to create one of the largest grocery chains in the U.S. and Europe, with more than 6,500 stores and 375,000 employees. They hope that a combination will strengthen their buying clout and reduce costs as they grapple with competition from discounters and upscale chains on both continents.

The company's shareholders have approved the merger and the Belgian Competition Authority granted its conditional approval for the merger in March. FTC clearance is the final regulatory approval requirement for the merger to complete.

Separately, Netherlands-based Ahold said it expects its 1 billion euro ($1.11 billion) capital repayment and reverse stock split to take place after close of New York trading on July 15.

 

Maarten van Tartwijk contributed to this article

 

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

July 12, 2016 02:36 ET (06:36 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

1 Year Ahold Kon Chart

1 Year Ahold Kon Chart

1 Month Ahold Kon Chart

1 Month Ahold Kon Chart
ADVFN Advertorial
Your Recent History
EU
AH
Ahold Kon
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220129 08:39:30