DELHAIZE, BELGIAN PARENT PREDICT SPRING CLOSE FOR SHARE EXCHANGE

BRUSSELS, Belgium -- Delhaize "Le Lion" Group here and Delhaize America, Salisbury, N.C., said last week they have agreed to a share exchange designed to increase the company's global liquidity and to facilitate worldwide implementation of best practices.to close in the spring.Delhaize Group also said it will nominate two Delhaize America executives to its board -- Bill McCanless, CEO, and Hugh Farrington,

BRUSSELS, Belgium -- Delhaize "Le Lion" Group here and Delhaize America, Salisbury, N.C., said last week they have agreed to a share exchange designed to increase the company's global liquidity and to facilitate worldwide implementation of best practices.

to close in the spring.

Delhaize Group also said it will nominate two Delhaize America executives to its board -- Bill McCanless, CEO, and Hugh Farrington, vice chairman and CEO of its Hannaford unit -- to represent U.S. in

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