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 ...
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