Hannaford is selling the stores in North Carolina and Virginia to settle antitrust concerns. Salisbury-based Delhaize is paying Hannaford $79 a share, cash and stock.
Hannaford shareholders are expected to receive about $2.7 million in cash and about $650 million in Food Lion class A common stock. Delhaize America is also assuming about $300 million in Hannaford debt. Delhaize owns the Food Lion, Kash 'n Karry and Save 'n Pack chains.
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