FOOD LION ON THE PROWL WITH DEAL FOR HANNAFORD

SALISBURY, N.C. -- Food Lion here raised its profile in the quickly changing U.S. retail consolidation game last week with its agreement to acquire Hannaford Bros., Scarborough, Maine.In announcing it would form a holding company to acquire Hannaford, Food Lion would gain more than a retailer whose 1998 sales were $3.3 billion. It also would get a growth vehicle -- in the new holding company Delhaize

SALISBURY, N.C. -- Food Lion here raised its profile in the quickly changing U.S. retail consolidation game last week with its agreement to acquire Hannaford Bros., Scarborough, Maine.

In announcing it would form a holding company to acquire Hannaford, Food Lion would gain more than a retailer whose 1998 sales were $3.3 billion. It also would get a growth vehicle -- in the new holding company Delhaize America -- to bring other operators into the group later on, furthering the ambition

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