Delhaize Group and Ahold complete merger after receiving clearance from the U.S. Federal Trade Commission
23 Juillet 2016 - 4:00PM
Brussels,
Belgium, July 23, 2016 - Delhaize Group and Ahold have received
regulatory clearance for their merger from the United States
Federal Trade Commission (FTC). The companies subsequently
completed the merger with the signing of the merger deed by
Delhaize Group CEO Frans Muller and Ahold CEO Dick Boer today.
Mats Jansson, Chairman of Delhaize
Group said: "Today is an historic day, as we are now really
bringing together these two great companies, creating an even
stronger international food retailer. We are completing this
international transaction with great momentum and a high level of
readiness."
Frans Muller, Delhaize Group CEO
said: "We are pleased to complete our merger with Ahold today. I
would like to thank our associates for all their work and
dedication. The moment to merge has never been more right, and we
are confident that we will deliver even more for customers,
communities and investors."
The merger will become effective
on Sunday, July 24, 2016 at 00:01 a.m. CET. Ahold Delhaize shares
will start trading on Euronext Amsterdam and Euronext Brussels on
Monday, July 25 with ticker symbol AD. Ahold Delhaize American
Depositary Receipts (ADRs) will trade over-the-counter in the
United States and will be quoted on the OTCQX International
marketplace.
Please visit www.delhaizegroup.com, www.ahold.com,
or www.adcombined.com for more information.
Press release in pdf
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Delhaize Group via Globenewswire
HUG#2030297