ZAANDAM, Netherlands -- Ahold here said last week it will launch a tender offer to acquire all the outstanding voting shares in Peapod, Chicago, its Internet-based shopping service. Ahold, which currently holds a 58% stake in Peapod, said the $35 million transaction -- expected to close in third-quarter 2001 -- will result in Peapod becoming a wholly owned subsidiary of Ahold USA, Chantilly, Va. Ahold said it will offer $2.15 per share for Peapod, and Peapod's stock, which had been trading ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.