Bloomberg reports that "merger talks between Royal Ahold NV and Delhaize Group are progressing as the Dutch and Belgian companies seek to reach an agreement as early as this month to create a grocery giant with $60 billion in sales, according to people familiar with the matter ... The retailers are discussing annual savings related to purchasing, supply chain and overlaps in administration and headquarters, said the people, who asked not to be identified because talks are private. They do not see significant store closures because there’s little geographic overlap in Europe and the U.S., the people said."
The story says that both sides are optimistic, while still acknowledging that talks could fall apart at any time.
The story says that both sides are optimistic, while still acknowledging that talks could fall apart at any time.
- KC's View:
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It'd be so refreshing if, when referring to the advantages of a merger, people actually talked about the ways in which they could more effective, learning from and building on each other's strengths. But no...the comments are always about savings and efficiencies.
Dammit.
