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U.S. Foodservice's stockholders would receive $26 a share in cash.
It has annual sales of about $300 million, U.S. Foodservice's treasurer, Robert Gillison, said.
Executives at U.S. Foodservice's headquarters signed many promotion agreements over the last several years, and they were not always announced to the rest of the company, said the former executive from the Midwest.
It had long been rumored that Ahold was seeking to raid the executive ranks of Sysco, U.S. Foodservice's chief rival, or to hire former presidents of Sysco units, recruiters said.
Headquarters staff numbers only 80, a tiny fraction of Ahold's worldwide work force of about 350,000 (including U.S. Foodservice's).
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[C4.] Coke Executive Leaving His Position The president of Coca-Cola's Foodservice and Hospitality Division is stepping down.
Royal Ahold N.V., an international supermarket operator, has agreed to buy U.S. Foodservice, the nation's second-largest food supplier to restaurants, hotels and cafeterias, for $2.7 billion in cash.
On Monday, Smithfield Foods, a leading pork processor, said that an internal review found that an independent broker had incorrectly confirmed rebate amounts Smithfield supposedly owed U.S. Foodservice without Smithfield's knowledge.
The executive, Tom Moore, who had served as president of Coke's Foodservice and Hospitality Division since 1999, led the division when it rigged a marketing test for Coke products sold at Burger King.
Even among restaurants near Appert's Foodservice, the company in St .Cloud that produces and co-packs about 40 percent of the cut and processed shanks sold in the United States, there is little agreement on what to call the little pork morsels.
Renting space at a nearby cake bakery, McBay has pulled in a modest $8,000 in sales thus far, including a chunk from her school's foodservice provider.
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