Dick Boer News
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Harris Teeter Supermarkets Inc., the U.S. grocery-store chain that’s boosted sales every year for a decade, is poised to secure the industry’s highest takeover valuation since 2007.
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Royal Ahold NV, the Dutch owner of the Stop & Shop chain, left open the possibility of acquisitions as it considers how to utilize cash raised from the $3.1 billion disposal of its stake in Swedish retailer ICA.
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Royal Ahold NV, the Dutch owner of the U.S. Stop & Shop chain, said it will start a buyback of 500 million euros ($657 million) after reporting profit that fell short of analysts’ expectations.
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Royal Ahold NV, the Dutch owner of Stop & Shop grocery stores, is likely to redistribute some of the 20 billion kronor ($3.1 billion) proceeds of its ICA stake sale to shareholders as it shies away from large acquisitions.
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Hakon Invest AB, the minority owner of Sweden’s largest food retailer ICA, agreed to take full control by acquiring partner Royal Ahold NV’s 60 percent stake for 20 billion kronor ($3.1 billion).
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Royal Ahold NV , the Dutch owner of Stop & Shop supermarkets in the U.S., appointed Dick Boer to succeed Chief Executive Officer John Rishton , who is leaving to become head of Rolls-Royce Group Plc.
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Royal Ahold NV, the Dutch owner of the Stop & Shop chain, reported stronger U.S. sales than some analysts anticipated as American shoppers stocked up with provisions ahead of superstorm Sandy in October.
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Royal Ahold NV Chief Executive Officer Dick Boer said the company has the financial means for growth and is waiting for the right opportunity and the right time for an acquisition, NRC Handelsblad reported.
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Royal Ahold NV, the owner of Stop & Shop grocery stores, dropped the most in more than nine months as first-quarter earnings missed estimates because U.S. and European consumers held back on spending.
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Royal Ahold NV, the Dutch owner of Stop & Shop grocery stores, said first-quarter profit unexpectedly dropped as consumers reined in spending on groceries amid higher unemployment in Europe and the U.S.
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