LONDON -- J. Sainsbury plc here last week insisted that its decision to sell its stake in Giant Food, Landover, Md., doesn't represent a withdrawal from the U.S. food retail market, where it continues to own Shaw's Supermarkets, East Bridgewater, Mass. But analysts were left wondering what it did mean. The $611.2 million that Ahold, Zaandam, Netherlands, is paying for Sainsbury's stake represents a profit of about $163 million on Sainsbury's three-and-a-half year investment in Giant, ...
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