FTC OKS AHOLD ACQUISITION OF GIANT

WASHINGTON (FNS) -- Ahold, Zaandam, Netherlands, last week received antitrust clearance to buy Giant Food, Landover, Md., following the Federal Trade Commission's acceptance of Ahold's proposed store divestiture plan.As reported, Ahold plans to divest 10 stores in Maryland and Pennsylvania.Ahold officials said the deal, valued at $2.6 billion, or $43.50 per share of Giant stock, is expected to close

WASHINGTON (FNS) -- Ahold, Zaandam, Netherlands, last week received antitrust clearance to buy Giant Food, Landover, Md., following the Federal Trade Commission's acceptance of Ahold's proposed store divestiture plan.

Register to view the full article