Dutch grocer interested in Harris Teeter - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

Dutch grocer interested in Harris Teeter

Posted: Updated:
CHARLOTTE, NC (WBTV) -

We're learning new information about one of two companies interested in buying Harris Teeter.

Royal Ahold is the name of one potential suitor. The company is based in Amsterdam, but about 60% of its sales already come from the U.S.

Ahold owns Stop & Shop supermarket, which originated in Boston.

Stop and Shop operates about 380 stores in New England, New York and New Jersey, employing 80,000 people.

Adding Harris Teeter's fleet to the list would allow Royal Ahold to stretch its reach throughout the Southeast. Analysts say Ahold is well positioned financially to scoop up Teeter, despite the hefty price tag sure to be slapped on the stores - there are more than 200 of them in eight states. Harris Teeter's market value tops $2 billion. 

Some analysts say it could sell for over $3 billion.

Harris Teeter shares shot up after Bloomberg broke the news that Ahold is interested, though customers are a little nervous about what kind of change could be in store.

Ahold has not yet made a formal bid, according to Bloomberg.

Bloomberg's source asked not to be named because the negotiations are private.  Harris Teeter has not commented in depth on the potential sale and the reasons behind it.

Copyright 2013 WBTV. All rights reserved.

Powered by WorldNow