Ahold Announces Merger of Equals with Delhaize
06.24.15
This is only gets display when printing
Simpson Thacher is representing Koninklijke Ahold N.V. (“Ahold”) in connection with its announced merger of equals with Delhaize Group (“Delhaize”). At completion, Ahold shareholders will own approximately 61% and Delhaize shareholders will own approximately 39% of the combined company, which would currently be valued at $29 billion. The transaction is expected to be completed mid-2016, following regulatory clearances, associated consultation procedures and shareholder approval.
Ahold is an international retailing group based in the Netherlands and active in the United States and Europe. The company has been operating supermarkets for more than 125 years. Delhaize Group is a Belgian international food retailer present in seven countries on three continents. The combined company, which will be named Ahold Delhaize, will have a portfolio of local brands with more than 375,000 associates serving more than 50 million customers every week in the United States and Europe.
The Simpson Thacher team includes Alan Klein, Mitchell Ryan and Kyle Brett (M&A – New York); Wim de Vlieger (M&A – London); Kevin Arquit, Sara Razi, David Shogren and Karen Horvitz (Competition); David Rubinsky, Alisa Tschorke and Holly Gurian (Executive Benefits and Employee Compensation); Jacqueline Barbera and Jordan Tamchin (Tax); Lori Lesser and Genevieve Dorment (IP); Krista McManus (Real Estate); and Adeeb Fadil and Noreen Lavan (Environmental). Summer associates Robert Wentworth and Michael Deitch provided valuable assistance.