Ahold Proposes Reverse Stock Split

Ahold yesterday said it has proposed a reverse stock split and a cash payment to shareholders in lieu of a previous plan to buy back shares.

AMSTERDAM - Ahold here yesterday said it has proposed a reverse stock split and a cash payment to shareholders in lieu of a previous plan to buy back shares. The company has said it would seek to return value to shareholders following the sale of its U.S. Foodservice distribution business to private equity firms for $7.1 billion. “Ahold has conducted an extensive review of the ways to return the 3 billion euros [about $4 billion] and has concluded that within the Dutch regulatory environment,

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