Moberg: Ahold to Buy Back $4 Billion in Shares

The sale of U.S. Foodservice will allow Ahold to return around $4 billion to shareholders in the form of stock buybacks, Anders Moberg, Ahold’s chief executive officer, said at the retailer’s annual meeting here Thursday.

AMSTERDAM — The sale of U.S. Foodservice will allow Ahold to return around $4 billion to shareholders in the form of stock buybacks, Anders Moberg, Ahold’s chief executive officer, said at the retailer’s annual meeting here Thursday. Ahold earlier this week announced a deal to sell USF to a consortium of private equity firms for $7.1 billion. Moberg in his remarks Thursday also said proceeds of the deal, if approved, would allow the company to further reduce debt. “There were many who wanted

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