Delhaize Group (DEG) - NYSE
  • Jun. 24, 2015, 3:00 AM
    • Dutch food retailer Royal Ahold (OTCQX:AHONY) and Belgium's Delhaize (NYSE:DEG) have agreed to merge, creating one of the largest supermarket operators in the U.S.
    • Ahold operates the Stop & Shop and Giant chains, as well as online grocery store Peapod, while Delhaize operates the Food Lion and Hannaford banners.
    • Under the new deal, Delhaize shareholders will receive 4.75 Ahold shares for each share held. Ahold investors will own 61% of the €26.1B combined company and Delhaize shareholders will own the rest.
    • Previously: Delhaize and Ahold rally as merger deal gets closer (Jun. 03 2015)
    | Jun. 24, 2015, 3:00 AM | 1 Comment
  • May 14, 2015, 9:47 PM
    • Consolidation in the grocery industry could pick up even more, observes Supermarket News.
    • A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
    • The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
    • "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
    • Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
    • Previously: Ahold, Delhaize confirm merger talks (May 12)
    • Grocery stocks: RNDY, SVU, VLGEA, WFM, CASY, IMKTA, OTCPK:PUSH, TFM, SFM, WMK.
    | May 14, 2015, 9:47 PM | 8 Comments
  • May 12, 2015, 3:19 AM
    • Dutch food retailer Royal Ahold (OTCQX:AHONY) and Belgium's Delhaize (NYSE:DEG) have confirmed they are in talks about a possible $25B merger that could also create one of the largest supermarket operators across the Atlantic.
    • Despite being based in Europe, both companies generate about 60% of their sales in the U.S.
    • Ahold operates the Stop & Shop and Giant chains, as well as online grocery store Peapod, while Delhaize operates the Food Lion and Hannaford banners.
    • Previously: Ahold, Delhaize surge on merger reports (May. 11 2015)
    | May 12, 2015, 3:19 AM
  • May 11, 2015, 10:52 AM
    • Delhaize (NYSE:DEG) is up 13.3% after reports on a merger with Ahold (OTCQX:AHONY +3.8%) drove up shares listed in Europe earlier today.
    • The talk of industry consolidation has some other U.S. grocery stocks ahead of market averages as well.
    • Grocery gainers: Kroger (NYSE:KR) +1.0%, Whole Foods Market (NASDAQ:WFM) +1.2%, Roundy's (NYSE:RNDY) +1.0%, Supervalu (NYSE:SVU) +1.0%, Fairway Group (NASDAQ:FWM) +0.9%, Ingles Markets (NASDAQ:IMKTA) +9.8% with earnings also a factor.
    • Previously: Ahold, Delhaize surge on merger reports
    | May 11, 2015, 10:52 AM | 3 Comments
  • May 11, 2015, 6:20 AM
    • Royal Ahold (OTCQX:AHONY) and Delhaize (NYSE:DEG) surged in early European trading after weekend reports that the Dutch and Belgian retailers are in talks to merge, a deal that would pool U.S. chains Stop & Shop and Food Lion.
    • Delhaize soared as much as 18%, valuing the company at €8.8B ($9.8B), while Ahold advanced as much as 10% for a valuation of €17B.
    • Talks between the companies are at a preliminary stage, Belgian newspapers De Tijd and L'Echo reported on Saturday.
    | May 11, 2015, 6:20 AM
  • May 29, 2013, 6:42 AM

    Delhaize Group (DEG) agrees to sell its Sweetbay, Harveys, and Reid's grocery chains to Bi-Lo Holdings for $265M. Last year, combined the three chains raked in about $1.8B in sales.

    | May 29, 2013, 6:42 AM
Company Description
Delhaize Group SA owns and operates food supermarkets, convenience, and hypermarket stores. It engages in the retail and wholesale distribution of food products, health and beauty products, pet food and accessories. It operates in the following geographic segments: United States, Belgium,... More
Sector: Services
Industry: Grocery Stores
Country: Belgium