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 Ahold (AHO) buys 51% stake of Peapod (PPOD)


   *  Amount:         $73 million


   *  Terms:            Purchased convertible preferred PPOD stock @ $3.75

   *  Premium:        n/a


   *  Industry:        Internet grocery


   *  Scorecard:      C


    AMSTERDAM, April 14--Dutch-based grocery retailer Royal Ahold (AHO) said on Friday it agreed to purchase 51 percent of U.S. electronic grocery retailer Peapod (PPOD) for $73 million. In addition to the $73 million investment, Ahold has committed to a $20 million revolving credit line. Under the agreement, Peapod will continue to operate independently and Ahold will supply Peapod with goods, services and fast pick fulfilment centres.



 TD Waterhouse (TWE

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