Ahold, Delhaize Group expect to close deal by weekend

ZAANDAM, the Netherlands - Ahold and Delhaize Group on Thursday announced that they expect to complete their intended merger on Saturday, July 23, 2016, if regulatory clearance has been obtained from the United States Federal Trade Commission by that date.

 

Subject to completion of the merger on July 23, 2016, Ahold Delhaize is expected to start trading on Euronext Amsterdam and Brussels on Monday, July 25, 2016, with ticker symbol AD.



The last trading date of the Delhaize ordinary shares on Euronext Brussels would be Friday, July 22, 2016.



Following the merger, for each Delhaize ordinary share (except for any Delhaize ordinary shares held by Delhaize or Ahold), 4.75 new Ahold Delhaize ordinary shares will be automatically allotted, and all Delhaize ordinary shares will be cancelled.



On June 24, 2015, Delhaize Group and Ahold announced their intention to merge. The shareholders’ meetings of both companies approved the merger in March 2016. The Belgian Competition Authority granted its conditional approval for the merger in March 2016.  FTC clearance is the remaining regulatory approval requirement for the Ahold and Delhaize Group merger.