AHOLD AGREES TO ACQUIRE MAYFAIR

ELIZABETH, N.J. -- Netherlands-based Ahold has continued its aggressive U.S. expansion strategy by agreeing to acquire Mayfair Super Markets here.Ahold USA, Parsippany, N.J., Ahold's wholly owned subsidiary, signed a letter of intent last week to purchase the 28-store chain, ending persistent acquisition speculation concerning Mayfair.The sale is expected to close at the end of July. The selling price

ELIZABETH, N.J. -- Netherlands-based Ahold has continued its aggressive U.S. expansion strategy by agreeing to acquire Mayfair Super Markets here.

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