Ahold shareholders approve U.S. Foodservice sale
June 19, 2007
by FoodBusinessNews.net Staff
AMSTERDAM, THE NETHERLANDS — The shareholders of Royal Ahold n.v. approved the sale of U.S. Foodservice for $7.1 billion along with the company’s proposal to return €3 billion to shareholders through a capital repayment and reverse stock split.
The company’s shareholders voted at an Extraordinary General Meeting held at Ahold’s Albert Heijn headquarters in Zaandam. One hundred and forty-one shareholders attended, which represented 861,245,065 shares.
On May 2, Ahold announced the U.S. Foodservice unit was being sold to a consortium of Clayton, Dubilier & Rice Fund VII, L.P. and Kohlberg Kravis Roberts & Co. L.P.