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Delhaize Group (DEG)

- NYSE
  • Thu, May 14, 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.
    | 8 Comments
  • Tue, May 12, 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)
    | Comment!
  • Mon, May 11, 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
    | 3 Comments
  • Mon, May 11, 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.
    | Comment!
  • 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.
    | Comment!
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Company Description
Delhaize Group SA is a food retailing company. Its primary store format consists of food supermarkets. Its store network also includes other store formats such as proximity stores, cash and carry and specialty stores.
Sector: Services
Industry: Grocery Stores
Country: Belgium