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Ahold clears regulatory hurdle

16-Nov-2001

Ahold, the Dutch food retail and foodservice company, announced on Thursday that it had gained regulatory approval for its acquisition of Alliant Exchange, Inc.

 

 

 

Alliant Exchange, Inc. is the parent company of Alliant Foodservice, Inc., a prominent operator in the foodservice market of the United States with sales of approximately USD 6.6 billion (7.4 billion euros).

 

 

 

The waiting period under the United States Hart-Scott-Rodino Antitrust Improvements Act with respect to its acquisition of Alliant Exchange, Inc. expired on November 14, 2001, without objection by the Federal Trade Commission (FTC). In light of the expiration of the waiting period, Ahold reported in a statement that it now expects to complete the acquisition of Alliant by the end of November 2001, earlier than originally anticipated.

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