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U S Foodservice Company

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March 8, 2000 | Bloomberg News
Royal Ahold, Europe's third-largest supermarket company, agreed to buy U.S. Foodservice Inc. for $3.6 billion to become a supplier of food to U.S. sports stadiums, restaurants and other businesses. The Dutch owner of the Giant and Stop & Shop chains would pay $26 a share in cash, a 42% premium to U.S. Foodservice's closing price Monday, and assume $925 million in debt. The purchase of the No. 2 U.S. food distributor gives Ahold immediate access to a $150-billion-a-year market.
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BUSINESS
March 8, 2000 | Bloomberg News
Royal Ahold, Europe's third-largest supermarket company, agreed to buy U.S. Foodservice Inc. for $3.6 billion to become a supplier of food to U.S. sports stadiums, restaurants and other businesses. The Dutch owner of the Giant and Stop & Shop chains would pay $26 a share in cash, a 42% premium to U.S. Foodservice's closing price Monday, and assume $925 million in debt. The purchase of the No. 2 U.S. food distributor gives Ahold immediate access to a $150-billion-a-year market.
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