In this section of the Food Lion News Room, you'll find 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.
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.