LANDOVER, Md. -- The industry took another step toward consolidation last week, as Giant Food here said it has agreed to be acquired by Ahold for $2.6 billion -- a transaction that would make the Netherlands-based retailer the fifth-largest food store operator in the United States. "This is a giant step forward," Robert Zwartendijk, president and chief executive officer of Ahold USA, Atlanta, quipped during a news conference here last week. "We think Giant is one of the first-class ...
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