Ahold in $7-billion deal to sell U.S. Foodservice to private equity firms
"Royal Ahold, the Netherlands-based operator of Giant, Stop & Shop and other grocery chains, said Wednesday that it agreed to sell distributor U.S. Foodservice to a consortium of private equity firms for $7.1 billion. "
Continue reading: Associated Press May 3, 2007
Ahold to sell U.S. unit to private equity Dutch food retailer to sell U.S. Foodservice to Clayton, Dubilier, KKR in order to refocus on U.S. retail operations.
NEW YORK (Reuters) -- Dutch food retailer Ahold will sell its U.S. catering unit to two private equity firms for $7.1 billion, leaving it free to focus on its U.S. retail overhaul and possibly a merger with a Belgian rival. Ahold (Charts) said Wednesday it has reached a definite agreement to sell U.S. Foodservice to Clayton, Dubilier & Rice and Kohlberg Kravis Roberts for a price that exceeded analysts' expectations.
Continue reading:Reuters May 2 2007