In May 2015, we touched on the rationale behind the proposedrnmerger between Netherlands-based Ahold and Belgium-based Delhaizern– namely that it was a defensive move (see 'Ahold-DelhaizernMerger Reflects Increasing Competition In US Retail,' May 12). Therndeal has since progressed from an early negotiation to an agreedrnall-share merger (pending shareholder and regulatory approval)rnworth USD25bn.
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