Ahold and Delhaize said Thursday that they anticipated completing their merger this Saturday and would begin trading as a combined entity on the Euronext exchange in Brussels and Amsterdam on Monday.
The deal still requires the approval of the Federal Trade Commission, which the companies anticipate will happen on or before Friday. Last week the companies announced agreements to sell 86 U.S. stores to meet regulatory approval. The FTC as of early Thursday had yet to grant approval to the deal.
The combined company, to be known as Ahold Delhaize, will trade under the symbol AD. The last trading date of the Delhaize shares on Euronext Brussels would be Friday, and trading of Delhaize American Depositary Shares (ADSs) on the New York Stock Exchange would be suspended as of the closing date of the merger. Following the merger, Ahold Delhaize ADSs will trade in the over-the-counter market and will be quoted on the OTCQX International marketplace, the companies said.
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