Deals
Elliott Takes Stake in Stop & Shop Owner Ahold Delhaize
- Activist says it supports Dutch retailer’s current strategy
- Ahold is latest European company targeted by the U.S. activist
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Elliott Investment Management LP has built a stake in Stop & Shop owner Royal Ahold Delhaize NV, as the activist firm joins other investors taking aim at the resurgent European supermarket business.
The U.S. firm, which is run by billionaire Paul Singer, holds more than 3% of the company, according to a statement Wednesday. Elliott said the move reflects support for a recent decision to potentially separate Ahold’s Dutch online unit Bol.com as the pandemic-fueled boom in e-commerce attracts investors’ interest.
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Elliott Takes Stake in Stop & Shop Owner Ahold Delhaize