New: Mariner Organic Little Dippers® Club House & Thin Wheat. Made Simple. Made Right.
Lactose-Free Bries
Ahold and Delhaize Looking to Trade Next Week

Ahold and Delhaize Looking to Trade Next Week

Thursday, July 21st, 2016

Ahold and Delhaize appear confident that the divestiture of nearly 90 U.S. stores will be enough to earn the go ahead from the Federal Trade Commission on its $28 billion merger. The two retailers have announced their intention to sign on the dotted line tomorrow, July 23, if regulatory clearance is granted.

Almost immediately after, the companies plan to begin trading as AD on Euronext Amsterdam and Brussels on Monday, July 25. Likewise, Ahold Delhaize American Depositary Receipts (ADRs) will trade over-the-counter in the United States, according to a press release.Frans Muller (left) & Dick Boer (right), Photo Source: Ahold

Delhaize’s stock has steadily risen over the last month as the two approach the close of the merger, up today .04% to $28.13 USD per share, with the last trading date of the Delhaize ordinary shares on Euronext Brussels set for today, July 22, 2016.

Source: Google Finance

It would mean the end of an almost year-long deal, but an even longer attempt and marrying businesses. The two came close to making it happen in 2006/2007, but were not able to come to an agreement. They were able to reach agreements much more quickly this time, and have been weaving through regulatory stipulations to get to its goal of finishing before July of 2016 was up. Now, though very close to the wire, FTC approval is all that is left.

Deli Market News will see the deal through to the end, so stay tuned.

Ahold USADelhaize

New: Mariner Organic Little Dippers® Club House & Thin Wheat. Made Simple. Made Right. Lactose-Free Bries

Have a new product, press release or story idea?

Let us know

In This Story

Ahold is an international retailing group based in the Netherlands and active in the United States and Europe.

The Delhaize Group Group is committed to offering its customers a locally differentiated shopping experience, to delivering superior value and to maintaining high social, environmental and ethical...

Marin French Cheese Introduces Petite Mustard Brie

The cheesemaker's latest line extension embraces a piquant flavor trend.
View Press Release

Specialty Food Association Winter Fancy Food Show Features Innovation and Disruption

The fastest-growing segment of the food industry, specialty food, is gathering in San Francisco, California, for another great show.
View Press Release

Ithaca Cold-Crafted Closes $2.7 Million In New Growth Capital From LiDestri Food and Drink

The brand is currently available at more than 3,000 retail doors across the U.S., including Wegmans, Publix, Stop & Shop, Shoprite, and The Fresh Market.
View Press Release

Califia Farms Further Diversifies Plant-Based Offerings With Launch Of New Oatmilk Line

The plant-based beverage company deepens its commitment to craft and plant-based nutrition.
View Press Release

Dewey's Bakery Expands Product Portfolio

The company introduces its new Tiki Bar collection, which brings the excitement of the seasons to the cookie aisle.
View Press Release

Brand Spankin’ New: Cypress Grove Launches Fresh Goat Cheese Cups and “Cheeseboards for Dinner” Campaign

The Humboldt County-based cheese producer making award-winning and world-renowned cheeses since 1983, will be showcasing a new addition to its fresh goat cheese line at this year’s Winter Fancy Food Show.
View Press Release