Ahold, the Dutch owner of Stop & Shop supermarkets, agrees to merger with Belgian retailer

June 24, 2015 6:25 AM

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THE HAGUE, Netherlands – Dutch retailer Royal Ahold NV, operator of U.S. supermarket chains Stop & Shop and Giant, has agreed to merge with its Belgian counterpart Delhaize Group, in a deal that creates a company that will serve more than 50 million customers a week across the Atlantic.

The two retailers announced the deal Wednesday and say it is expected to be completed in mid-2016, subject to regulators' approval. Delhaize shareholders will receive 4.75 Ahold shares for each Delhaize share. Ahold shareholders will own around 61 percent of the new company and Delhaize shareholders...

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