Ahold repurchases 960,596 shares
AMSTERDAM — Dutch supermarket operator Royal Ahold has repurchased nearly 1 million shares as part of its $647.3 million share-buyback program, the company said Monday.
Ahold said the 960,596 shares were repurchased at an average price of $14.91, for a total of $14.33 million.
The company announced the share-buyback program in late February. Ahold operates the Stop & Shop, Giant-Carlisle and Giant-Landover supermarket banners and the Peapod online grocery service in the United States.