There is a report this morning from the Dutch newspaper Het Financieele Dagblad that the ongoing merger talks between Ahold and Delhaize – which have not even been formally admitted to by the two companies – have been put “on hold” by the boards of the two companies.
The suspension of negotiations, however, is said to be temporary, with expectations that they will start up again shortly after the boards have a chance to review related documents. There was one report of “personal friction” between the negotiators.
The suspension of negotiations, however, is said to be temporary, with expectations that they will start up again shortly after the boards have a chance to review related documents. There was one report of “personal friction” between the negotiators.
- KC's View:
- No real surprise here. Once the window was opened, it was hard to imagine that it could be easily closed. “Personal friction” can only hold things up so far if the deal makes economic sense.
