Convenience Store News In Brief… Anheuser-Busch InBev’s merger with SAB Miller has taken another step forward with the backing of each company’s shareholders. The merger is expected to close Oct. 10. The new company will be known as Anheuser-Busch InBev SA/NV… Stewart’s Shops Ice Cream took home some top honors at the recent World Dairy […]
Tag: merger
Posted in, Home Page Latest News, Industry News, Midwest, Store News, Suppliers
Associated Wholesale Grocers And Affiliated Foods Midwest Consolidate
Associated Wholesale Grocers (AWG) and Affiliated Foods Midwest (AFM) are combining the two cooperatives’ distribution businesses, the companies said today. “This exciting endeavor is exactly what we need to allow our retailers to compete, grow and be profitable,” said AFM President and CEO Martin Arter. “The synergies between our joint cooperatives will help our retailers […]
Posted in, Northeast
Weis Markets To Purchase Five Mars Super Markets, And More…
Grocery News In Brief… Weis Markets plans to purchase five Mars Super Markets in Baltimore County, Maryland, including two in Dundalk and individual units in Essex, Arbutus and Carney. Weis Markets intends to complete the purchase in late July. Once the purchase is complete, Weis will operate nine stores in Baltimore County, essentially doubling its […]
Posted in, Home Page Latest News, Northeast
Ahold, Delhaize Shareholders Approve Proposed Merger
Ahold shareholders on Monday overwhelmingly approved the company’s proposal to merge with Delhaize Group, parent of the Food Lion and Hannaford grocery chains in the U.S. Ahold shareholders voted at a meeting in Amsterdam. The meeting was attended by 129 shareholders, representing approximately 869 million shares. In a separate meeting in Brussels on Monday, Delhaize […]
Posted in, Beverage News, Executive News, Southwest, Suppliers
Glazer’s To Merge With Southern, Will Retain Malt Beverage Business
Dallas, Texas-based Glazer’s Inc. plans to separate the majority of its malt beverage distribution business prior to the closing of its combination with Southern Wine & Spirits of America Inc. As a result of the separation, the beer business within Glazer’s existing MillerCoors footprint will operate under a new company called Glazer’s Beer & Beverage, […]
Posted in, Northeast
Ahold And Delhaize Add To Exec Team As Merger Proceeds
Ahold and Delhaize Group this week revealed the executive committee of Ahold Delhaize, effective upon completion of the proposed merger of the two companies. The future executive committee will be comprised of the management board members as announced in June and will be supplemented by the following four members, who will report directly to Ahold […]
Posted in, Northeast
With Merger, NECSA Renames Itself To Include Oil Marketers Group
The Independent Oil Marketers of New England (IOMA) and the New England Convenience Store Association (NECSA) will merge Nov 1. to form a new organization: the New England Convenience Store & Energy Marketers Association, or NECSEMA. According to NECSA Executive Director Steve Ryan, “With particular thanks to NECSA President Leo Vercollone and IOMA Chairman Jon […]
Posted in, Beverage News, National, Suppliers
SABMiller Agrees To Merge With AB In-Bev
The fourth time is apparently the charm, as SABMiller has agreed “in principle” to merge with Anheuser-Busch InBev. AB InBev on Monday confirmed another offer to buy SABMiller for about 67.4 billion pounds, or $103.6 billion. The bid is more than a pound more per share (43.50) than its previous offer of GBP 42.15, which […]
Posted in, Beverage News, National, Suppliers
A-B InBev Ups Bid, Again, For SAB Miller
Anheuser-Busch InBev really wants to merge with SABMiller in order to make a global beer giant. The company today confirmed another offer to buy SABMiller for about 67.4 billion pounds, or $103.6 billion. The bid is more than a pound more per share (43.50) than its previous offer of 42.15, which SABMiller rejected less than […]
Posted in, Corporate Store News, National, Store News
Ahold And Delhaize Coming Together In $29B Merger
Ahold and Delhaize said this morning that they intend to “combine their businesses through a merger of equals.” The combined company, valued at approximately $29 billion based on closing share prices Tuesday, will be known as Ahold Delhaize and create a “complementary base” of more than 6,500 stores with 375,000 associates, according to the Europe-based […]
Posted in, Northeast
US Foods Could Walk Away From Sysco Merger With Further Court Injunctions
A US Foods executive told a federal court judge in a hearing earlier this week that US Foods could walk away from its merger with Sysco if a judge further delays the deal with a court injunction. David Schreibman, VP of strategy at US Foods, said the company isn’t willing to endure additional lengthy periods […]
Posted in, Southwest, Suppliers
New Tyson Leadership Team In Place Following Hillshire Acquisition
Tyson Foods Inc. has completed its merger with The Hillshire Brands Co. Shares of Hillshire Brands common stock have been delisted and are no longer traded on the New York Stock Exchange and Chicago Stock Exchange. The combination of Tyson Foods and Hillshire Brands creates a single company with more than $40 billion in annual sales […]
Posted in, Corporate Store News, National
Dollar General Outbids Dollar Tree For Family Dollar
Dollar General has made a proposal to acquire Family Dollar Stores in a transaction valued at $9.7 billion. Dollar General’s all-cash proposal of $78.50 per share is higher than the $74.50 per share in cash and stock that Dollar Tree offered July 28 in its bid to merge with Family Dollar. Dollar General said the […]
Posted in, Corporate Store News, Midwest
Spartan Stores, Nash Finch To Combine For Significant Scale And Reach
Nash Finch will be wholly owned subsidiary of Spartan Stores Eidson will be president and CEO, Covington to be in advisory role Sturken: Military business an important part of transaction Regional grocery distribution and retail company Spartan Stores and distributor Nash Finch Co. have entered into a definitive merger agreement under which the two companies […]