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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.
Delhaize "Le Lion" ("Delhaize Group" - Brussels Stock Exchange: Reuters
DELBt.Br - Bloomberg DEHT BB) and Delhaize America, Inc. (NYSE:
DZA)(NYSE: DZB) today announced an agreement for a statutory share
exchange pursuant to which Delhaize Group will exchange each outstanding
Class A and B share of Delhaize America not currently held directly or
indirectly by Delhaize Group for 0.4 shares of Delhaize Group.
Food Lion Executive Vice President and Chief Operating Officer Richard
Anicetti and Ronald Hodge, Executive Vice President and Chief Operating
Officer of Hannaford Bros. Co. announced today that Hannaford Bros.
Co.'s former Butner, N.C. distribution center will be converted to a
break-pack distribution center for health and beauty care merchandise.
The facility will service all Food Lion and Kash'n Karry stores.
Food Lion has been notified by Mission Foods, its producer of private
label taco shells, that Mission Foods is voluntarily recalling Food Lion
and Kash n' Karry brand taco shells. Mission Foods has announced that it
is voluntarily recalling all yellow corn products and replacing them
with products made from white corn because of the possibility products
may contain StarLink, a protein not approved for human consumption.
The Board of Directors of Delhaize America, Inc. (NYSE: DZA)(NYSE: DZB)
has declared as of October 2, 2000, a quarterly cash dividend of $0.1443
per share on the outstanding Class A common shares and $0.1426 per share
on the outstanding Class B common shares of the Corporation. The
dividend will be payable on October 30, 2000 to shareholders of record
as of October 16, 2000.
Delhaize America, Inc. (NYSE: DZA)(NYSE: DZB) announced today that the
Company's consolidated sales for the twelve weeks ended Sept. 9, 2000,
were $3.1 billion. Third-quarter sales increased 18% over the prior year
and comparable store sales were up 1%. Quarterly financial data includes
the operating results of Hannaford Bros. Co. for six weeks of the
quarter since its acquisition on July 31, 2000.
Delhaize America, Inc. (NYSE: DZA)(NYSE: DZB) today announced that its Board of Directors has received an offer from Etablissements Delhaize Freres et Cie "Le Lion" S.A. ("Delhaize Group"), its largest shareholder, to exchange Delhaize Group stock for all of the outstanding Class A and Class B common shares of Delhaize America, Inc. it does not already own. The consideration to be received by the public shareholders of the Company would consist of 0.35 common shares of Delhaize Group in
Delhaize America, Inc. (NYSE: DZA)(NYSE: DZB) today announced management
changes at its Food Lion unit. Bill McCanless, Chief Executive Officer
of Food Lion LLC, has assumed the additional title of President, while
Richard A. Anicetti, a 20-year food retailing veteran, was named
Executive Vice President and Chief Operating Officer of the unit. Mr.
McCanless also serves as Chief Executive Officer of Delhaize America,
Delhaize America Inc. (NYSE: DZA)(NYSE: DZB) announced today that it has
finalized proration calculations in its acquisition of Hannaford Bros.
Under the terms of the acquisition, total consideration for the deal
must approximate 86 percent cash and 14 percent class A Delhaize America
stock. Because the cash election was over-subscribed, shareholders who
elected cash will receive a pro-rated combination of stock and cash.
Delhaize America, Inc. (NYSE: DZA)(NYSE: DZB) and Hannaford Bros. Co.
(NYSE: HRD) have received approval from the Federal Trade Commission to
proceed with the pending acquisition of Hannaford by Delhaize America.