Delhaize Group press release - Ahold and Delhaize announce intention to merge
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Delhaize Group (DEG) Placed on CreditWatch Positive by S&P Following Ahold Announcement
June 25, 2015 3:14 PM EDTStandard & Poor's Ratings Services today placed on CreditWatch with positive implications its 'BBB-/A-3' long- and short-term corporate credit ratings on Belgium-based food retailer Delhaize Group (NYSE: DEG). We also placed on CreditWatch positive our 'BBB-' issue ratings on the group's senior unsecured debt instruments.
The CreditWatch follows the announcement that Delhaize will merge with its competitor, Netherlands-based food retailer Koninklikje Ahold N.V. (Ahold) (see "Netherlands-Based Food Retailer Ahold 'BBB/A-2' Ratings Affirmed On Planned Merger With Delhaize; Outlook Stable," published June 25, 2015, on RatingsDirect). Delhaize shareholders will receive 4.75... More
Delhaize Group (DEG), Royal Ahold Enter Merger Agreement
June 24, 2015 7:25 AM EDTLeading international food retailers Delhaize Group (NYSE: DEG) and Royal Ahold N.V. (Ahold) today announced that they have entered into an agreement to merge. The combined company, which will be named Ahold Delhaize, will have a portfolio of strong, trusted local brands with more than 375,000 associates serving more than 50 million customers every week in the United States and Europe. The company will have enhanced scale across regions, market-leading retail offerings to serve customers changing needs, and a strong financial profile from which to fund innovation and investments in future growth. Ahold Delhaize will... More
