LANDOVER, Md. -- Ahold, Zaandam, Netherlands, said last week it closed its $2.6 billion acquisition of Giant Food here, and that Pete L. Manos, chairman, president and chief executive officer of Giant, is retiring effective Jan. 2. to divest 10 stores in Maryland and Pennsylvania. Those stores are to be bought by a mix of chains and independent supermarkets -- Fleming Cos., Frederick County Foods, Richfood Holdings, Supervalu and Safeway. Ahold said last week it bought the 59.2 million ...
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