AHOLD AGREES TO ACQUIRE MAYFAIR

ELIZABETH, N.J. -- Netherlands-based Ahold has continued its aggressive U.S. expansion strategy by agreeing to acquire Mayfair Super Markets here.Ahold USA, Parsippany, N.J., Ahold's wholly owned subsidiary, signed a letter of intent last week to purchase the 28-store chain, ending persistent acquisition speculation concerning Mayfair.The sale is expected to close at the end of July. The selling price

ELIZABETH, N.J. -- Netherlands-based Ahold has continued its aggressive U.S. expansion strategy by agreeing to acquire Mayfair Super Markets here.

Ahold USA, Parsippany, N.J., Ahold's wholly owned subsidiary, signed a letter of intent last week to purchase the 28-store chain, ending persistent acquisition speculation concerning Mayfair.

The sale is expected to close at the end of July. The selling price was not disclosed, although observers said it is likely to include Mayfair

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