Salisbury, N.C. Delhaize America Inc., (NYSE: DZA, DZB), announced today that it has finalized proration calculations in its acquisition of Hannaford Bros. Co.
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.
Shareholders electing cash will receive 0.3522 shares of Delhaize America stock and $69.49 for each Hannaford share they own. Those who elected stock will receive 2.9259 Delhaize America shares for each Hannaford share they own. Those who did not make an election will receive 2.9259 shares of Delhaize America stock for each Hannaford share they own.
In all cases, any resulting fraction of a Delhaize America share will be paid in cash at $16.3125 per share.
With the acquisition of Hannaford Bros., Delhaize America is the nation’s fifth-largest supermarket retailer with more than 1,400 stores from Maine to Florida.
Contacts
Media - Tawn Earnest, (704) 633-8250, ext. 2185
Investors - David Hogan, (704) 633-8250, ext. 2529