AMSTERDAM — Ahold’s announcement last week that it would ramp up its stock-buyback program left some observers wondering if it might be stockpiling cash for acquisitions. Ahold said it has increased its share buyback program to about $2.6 billion in the wake of the sale of its ICA subsidiary in Sweden. The company said it received about $3.27 billion from the disposition of ICA, which provided most of the company’s $2.5 billion in net income in the fourth ...

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