Parent company of Giant Food looking to expand

The international supermarket-chain operator that owns Giant Food is interested in expanding through acquisitions and internal growth, The Wall Street Journal reported today.

Giant is owned by Holland-based Ahold. The WSJ article notes that Ahold has about $3.7 billion in cash and that it’s interested in putting the money to work on acquisitions to boost a lagging share price.

This article caught my attention because Ahold, along with Harris Teeter and Supervalu, has been mentioned as a possible suitor for Ukrop’s Super Markets.

Ukrop’s hasn’t much commented on any of these rumors, and neither has any of the alleged suitors.

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