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Giant Food, LLC

Food Lion parent agrees to merger with Dutch retailer

CHARLOTTE, N.C. Delhaize, the parent company of Food Lion, has agreed to a merger with Ahold, a Dutch retailer that operates the U.S. supermarket chain Giant. The deal will create the fifth-largest supermarket operator in the U.S. Ahold will buy Brussels-based Delhaize, which makes the majority of its revenue in the U.S., for about 9.32 billion euros, or $10.4 billion, worth of shares. The deal is expected to close in mid-2016, the two companies said in a statement Wednesday. The combined company, which will be called Ahold Delhaize, will have more than 6,500 stores around the world. Ahold Delhaize will control more than 4 percent of the U.S. grocery market and will be the fourth-largest...

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