Delhaize’s Hannaford to Buy Stop & Shop?
General January 22nd, 2008Rumor or reality?
Hannaford can’t afford them on their own, but Delhaize certainly could, specially if they bring Euros back to the US.
Competitive issues? Yeah, there is some overlap, but they can divest some stores.
Kroger could do it as well. They are sitting on a lot of money and are not as leveraged anymore.
A big acquisition like this would definitely give investors some confidence in what is already setting up to be a shaky 2008.
