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In this section of the Food Lion News Room, you'll find our our latest press releases. The releases are listed in chronological order, and are also sortable by category. Please don't hesitate to contact our Media Relations Team with any questions.
Pierre-Olivier Beckers, President and Chief Executive Officer of
Delhaize Group (Euronext Brussels: DELB, NYSE: DEG), a 134-year old
international food retailer, rang the opening bell at the New York Stock
Exchange today as the company launched its American Depositary Receipt
(ADR) program under the symbol "DEG". With this ADR program Delhaize
Group will be the only Belgian company currently listed on the New York
Delhaize America Inc. (NYSE: DZA)(NYSE: DZB) shareholders today approved
a share exchange agreement whereupon Delhaize Group will exchange all
outstanding shares of Delhaize America it does not already own for
Delhaize Group ordinary shares or Delhaize Group American Depositary
Shares (ADRs). Ninety-five percent of Class A shareholders, and more
than 93 percent of Class B shareholders casting ballots approved the
Delhaize America Inc. (NYSE: DZA)(NYSE: DZB) and Delhaize Group
(Euronext: DELB) have set a deadline of April 25, 2001 for investors who
hold shares of Delhaize America through The Depository Trust Company
(DTC) to make an election for either Delhaize Group ordinary shares or
Delhaize Group American Depositary Receipts (ADRs).
Delhaize Group (Euronext Brussels: DELB) and Delhaize America, Inc.
(NYSE: DZA)(NYSE: DZB) will release their first quarter earnings on
April 27, 2001 for the thirteen weeks ended March 31, 2001. Immediately
following, Delhaize Group will conduct an analyst conference call at
9:00 am (EST) [3pm (CET) - Brussels] on Friday, April 27, 2001. The
Delhaize America and Delhaize Group management teams will be discussing
the financial results for first
Delhaize America, Inc. (NYSE: DZA)(NYSE: DZB) and Delhaize Group
(Euronext: DELB) have filed with the Securities and Exchange Commission
a post-effective amendment to their registration statement in connection
with the proposed share exchange between the companies. Delhaize America
shareholders will vote on the share exchange proposal at the special
meeting of shareholders on April 25, 2001.
Delhaize America, Inc. (NYSE: DZA)(NYSE: DZB) today announced that a
Special Shareholders' Meeting will be held on Wednesday, April 25, 2001,
to consider and vote upon the agreement for a statutory share exchange
with Delhaize "Le Lion" ("Delhaize Group" - Euronext Brussels: DELB).
Delhaize "Le Lion" ("Delhaize Group" - Euronext Brussels: DELB)
announced today that its Board of Directors will propose to Delhaize
Group shareholders the election on May 23, 2001 of three independent
members of the Board for a period of three years. The Board of Directors
of Delhaize Group, with the approval of the special committee of
independent board members of Delhaize America formed in connection with
the proposed share exchange between
Delhaize Group (Euronext Brussels: DELB) is scheduled to hold an
Investors' Meeting in Brussels on Thursday, March 15, 2001, at 9:00 a.m.
EST. Management will be discussing the financial results for the year
and fourth quarter ended December 31, 2000, which will be released at
8:00 a.m. EST on Thursday, March 15, 2001.
The Board of Directors of Delhaize America, Inc. (NYSE: DZA)(NYSE: DZB)
has declared as of February 13, 2001, a quarterly cash dividend of
$0.1587 per share on the outstanding Class A common shares and $0.1569
per share on the outstanding Class B common shares of the Corporation.
The dividend will be payable on March 13, 2001 to shareholders of record
as of February 27, 2001.
Delhaize America, Inc. (NYSE: DZA)(NYSE: DZB) reported today the Company
earned $56.9 million in the sixteen weeks ended December 30, 2000,
before merger costs or $0.31 per basic share outstanding. The Company
posted annual earnings of $224.5 million before merger costs and
one-time adjustments or $1.35 per basic share for fiscal 2000.