AHOLD TO LAUNCH OFFER FOR ALL PEAPOD SHARES

ZAANDAM, Netherlands -- Ahold here said last week it will launch a tender offer to acquire all the outstanding voting shares in Peapod, Chicago, its Internet-based shopping service.Ahold, which currently holds a 58% stake in Peapod, said the $35 million transaction -- expected to close in third-quarter 2001 -- will result in Peapod becoming a wholly owned subsidiary of Ahold USA, Chantilly, Va.Ahold

ZAANDAM, Netherlands -- Ahold here said last week it will launch a tender offer to acquire all the outstanding voting shares in Peapod, Chicago, its Internet-based shopping service.

Ahold, which currently holds a 58% stake in Peapod, said the $35 million transaction -- expected to close in third-quarter 2001 -- will result in Peapod becoming a wholly owned subsidiary of Ahold USA, Chantilly, Va.

Ahold said it will offer $2.15 per share for Peapod, and Peapod's stock, which had

Register to view the full article