Ahold shareholders approve U.S. Foodservice sale

by FoodBusinessNews.net Staff
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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.

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