Ahold completes sale of Tops
December: Ahold announces successful completion of the sale of Tops Markets, LLC to Morgan Stanley Private Equity. This follows the agreement announced on October 11, 2007 on a purchase price of USD 310 million.
Ahold completes €1 billion share buyback program
November: Ahold announces the completion of its €1 billion share buyback program launched on August 30, 2007. The total number of shares repurchased under the program was 96,427,207 common shares at an average price of €10.3702. The program was completed with the purchase of 3,117,909 common shares for a total consideration of €30.4 million.
Ahold announces appointment of John Rishton as President and CEO
November: Ahold announces the appointment of John Rishton as new President and Chief Executive Officer. Rishton had been in the role of acting President and CEO since July 2007. Ahold also announced the appointment of Kimberly Ross as Chief Financial Officer.
Ahold announces plans to upgrade 100 Giant Food supermarkets in the United States
October: A major three-year investment plan to remodel or replace approximately 100 Giant Food supermarkets in Delaware, Maryland, Virginia, and Washington DC is announced.
Ahold reaches agreement on sale of Tops
October: Agreement on the sale of Tops Markets, LLC to Morgan Stanley Private Equity in a transaction valued at $310 million is reached. The divestment of Tops is part of Ahold’s strategic review announced in November 2006.
Ahold to delist from NYSE and deregister from U.S. SEC
August: Ahold announces its intention to delist its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE), deregister from the U.S. Securities and Exchange Commission (SEC) and terminate its reporting obligations under the U.S. Securities Exchange Act of 1934. The company’s ADRs will continue to be traded on the over-the-counter (OTC) market in the United States.
Ahold completes reverse stock split
August: Ahold announces that its reverse stock split became effective after close of trading hours of the New York Stock Exchange on August 22, 2007. The reverse stock split consisted of a consolidation of every 5 existing shares with a nominal value of €0.24 each, into 4 new shares with a nominal value of €0.30 each.
Ahold reaches agreement on the sale of U.S. Foodservice to CD&R and KKR for USD 7.1 billion
May: Ahold announces a definitive agreement on the sale of U.S. Foodservice to a consortium of Clayton, Dubilier & Rice Fund VII, L.P. (“CD&R”) and Kohlberg Kravis Roberts & Co L.P.(“KKR”) for a purchase price of USD 7.1 billion.