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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 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.