Stop & Shop and King Kullen terminate acquisition agreement
10 Juni 2020 - 6:15PM
Stop & Shop and King Kullen terminate acquisition agreement
Zaandam, the Netherlands, June 10, 2020 – Ahold
Delhaize announces today that its U.S. brand Stop &
Shop and King Kullen Grocery Co. have terminated the
agreement for Stop & Shop to acquire King Kullen.
A joint decision was made not to proceed with the
acquisition because terms of the agreement could not be
reached.
For more information:
Press office: +31 88 659
5134 Investor relations: +31 88
659 5213 Social media:Twitter:
@AholdDelhaize
YouTube:
@AholdDelhaize
LinkedIn: @Ahold-Delhaize
Ahold Delhaize is one of the world’s
largest food retail groups and a leader in both supermarkets and
e-Commerce. Its family of great, local brands serves 54 million
customers each week in Europe, the United States, and Indonesia.
Together, these brands employ 380,000 associates in 6,967 grocery
and specialty stores and include the top online retailer in the
Benelux and the leading online grocers in the Benelux and the
United States. Ahold Delhaize brands are at the forefront of
sustainable retailing, sourcing responsibly, supporting local
communities and helping customers make healthier choices.
Headquartered in Zaandam, the Netherlands, Ahold Delhaize is listed
on the Euronext Amsterdam and Brussels stock exchanges (ticker: AD)
and its American Depositary Receipts are traded on the
over-the-counter market in the U.S. and quoted on the OTCQX
International marketplace (ticker: ADRNY). For more information,
please visit www.aholddelhaize.com.
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