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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Nov. 28, 7:51 PM

Slide #38. Ahold Delhaize and Centerbridge Partners FreshDirect

Acquirer: Ahold Delhaize and Centerbridge Partners
Acquiree: FreshDirect
Details: Ahold Delhaize and Centerbridge Partners today announce they have entered into a definitive agreement to acquire FreshDirect, an online grocer based in New York City. Ahold Delhaize will acquire the majority share, funded by cash on hand, and Centerbridge Partners will be a minority equity investor with a 20% stake. After the deal closes, FreshDirect will retain its brand name, report to a seven-person board, and continue to independently operate out of its facility in New York City. Financial terms of the deal were not disclosed. The transaction is expected to close in the first quarter of 2021, following the satisfaction of customary closing conditions, including regulatory clearance.

  Both companies are privately held or listed on a foreign exchange.
 

November 28, 2020    7:51 PM Eastern

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