Bidders line up for Ahold's US foods division
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Bids are being lined up for the US Foodservice division of Dutch retailer Ahold, with a decision on the sale expected later this month.
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Ahold today announced it has entered into an agreement to sell its US retail subsidiaries BI-LO and Brunoâs to an affiliate of the Lone Star Funds for total cash proceeds of up to $660 million.
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Three private equity firms announced they were considering a bid for J Sainsbury, Britainâs third-largest supermarket group.
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NATIONAL Foods hauled up the auction flag yesterday signalling that the Australian dairy giant could change hands for $1.81 billion.
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Offers for Home Depot Inc.'s  supply division are due on Friday, according to a source involved with the deal, with two groups of private equity firms expected to be among the remaining bidders.
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Alan J. Lacy will not be the top man at Sears, Roebuck &amp; Company any longer if the announced merger with Kmart is completed. But he will receive a raise and could take out more than $20 million by cashing out his existing options on Sears stock.
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The Dutch supermarket retailer Ahold, seeking to streamline global operations and reduce debt, said Sunday it will sell its holdings in Spain to Permira Funds for about &#36;849 million.
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U.S. antitrust authorities said on Tuesday they would file suit to block Whole Foods Market Inc.'s  proposed acquisition of rival Wild Oats Markets Inc.  on grounds that the deal would hobble competition in the market for natural and organic groceries.
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Ahold has agreed to sell its Bruno's  and BI-LO shop units in the United States to Lone Star Funds  for $660 million, the Dutch retailer said on Thursday.
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Ahold, the Dutch super-market group, took another step along its &quot;road to recovery&quot; on Thursday after the sale of two retail subsidiaries for $660m to a private US equity group.
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Meat packers lobby for state-inspected products to be sold nationwide.
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The country's largest food suppliers, including Kraft Foods, H.J. Heinz and Dole Food, facing congressional food-safety proposals that could cost them millions of dollars a year, proposed yesterday to grant the government more oversight of the industry.
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Home Depot Inc.  has agreed to  sell its supply division for more than $10 billion, sources  close to the deal said on Tuesday.
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Royal Ahold NV said Thursday it reached an agreement to sell its Bi-Lo and Bruno&#39;s supermarket chains to a Dallas-based private investor for $660 million.
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AMSTERDAM, Netherlands Global food retailer Royal Ahold NV is selling grocery chains BI-LO and Bruno&#39;s to Dallas-based Lone Star Funds.
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Whole Foods Market Inc.  and Wild Oats Markets Inc.  on Tuesday said a preliminary injunction hearing into antitrust authorities' bid to block their $565 million merger will be held on July 31.
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Toys R Us Inc.  has opened its financial records to more than a dozen prospective suitors, including a consortium being led by the retailer's former chairman and chief executive Michael Goldstein, sources familiar with the situation said on Friday.