Introduction
Ever since completing the acquisition of Belgian supermarket chain Delhaize, Ahold (ADRNY) (AHODF) has been able to continue to outperform expectations and is now on track to generate approximately 500M EUR in synergy savings in the current quarter which once again emphasizes how important the acquisition of Delhaize (DHLYF) was for Ahold’s profit and cash flow engine. And considering Ahold paid just 11B EUR for Delhaize (by issuing approximately 4.75 of its own shares per share of Delhaize), generating half a billion in synergy benefits per year provides