Retail Industry
Industry: Email Alert RSS FeedAhold offers to buy Peapod shares - Brief Article
DSN Retailing Today, August 6, 2001
CHICAGO -- Ahold has created a tender offer for all the outstanding voting shares it doesn't own in Peapod Inc. A merger of Peapod with an Ahold subsidiary will follow the $35 million buyout. Before the offer, the company already held a 58% stake in Peapod, which it operates through its U.S. supermarkets.
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Peapod, for its part, canceled its second quarter earnings release. The offer follows the failure of rival Webvan.
COPYRIGHT 2001 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2001 Gale Group
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