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US foodservice selling

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A few weeks back we had a word they were selling, they are. I tried to type in the article but wouldn’t let me. Here is who is buying it. Do a search you’ll get the article

Clayton, Dubilier & Rice and Kohlberg Kravis Roberts to Acquire U.S. Foodservice From Ahold
 
Ahold agrees to sell U.S. Foodservice unit
Netherlands firm sells distributor to private equity for $7.1 billion

Updated: 4:28 p.m. ET May 2, 2007

NEW YORK - Netherlands-based grocery store operator Royal Ahold NV said Wednesday it agreed to sell distributor U.S. Foodservice to a consortium of private equity firms for $7.1 billion.

The Amsterdam-based company said the transaction with Clayton, Dubilier & Rice Fund VII LP and Kohlberg Kravis Roberts & Co. is expected to close in the second half of 2007, pending customary conditions, including antitrust clearance and shareholder approval.

Ahold’s board is asking shareholders to approve the sale at a special meeting scheduled for June 19.

from http://www.msnbc.msn.com/id/18443465/ . . . and confirmed in three other sources online. Search google for “Acquire U.S. Foodservice From Ahold”
 
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