Ahold shareholders approve reverse stock split
ZAANDAM, the Netherlands — Ahold’s shareholders on Tuesday approved the company’s proposal to return €1 billion (US$1.4 billion) to shareholders by way of a capital repayment and reverse stock split.
Shareholders voted at an extraordinary general meeting held at Ahold’s headquarters. The meeting was attended by 65 shareholders, representing approximately 657 million votes.
Brookshire Brothers to acquire 25-store chain David’s Supermarkets
LUFKIN, Texas — According to published reports, Brookshire Brothers on Friday entered into an agreement to acquire the assets of David’s Supermarkets, a 25-store chain located in North Central Texas.
"We feel like these family-owned stores align with our core value that we are a celebration of family and community," stated Jerry Johnson, president and CEO of Brookshire Brothers.
Brookshire Brothers operates 123 outlets including grocery stores, convenience stores, free standing pharmacy, tobacco and petro locations.
Advantage Multi for Dogs gets FDA approval
SHAWNEE, Kan. — Bayer’s Advantage Multi for Dogs (imidacloprid + moxidectin) received Food and Drug Administration approval as the first-ever treatment for circulating microfilaria in heartworm-positive dogs. The approval was referenced in American Heartworm Society guidelines surrounding heartworm prevention and treatment.
"Bayer is passionate about caring for animals and develops products and services that support veterinarians’ ability to keep our pets healthy," Cristiano von Simson, DVM, MBA, director of Veterinary Technical Services at Bayer HealthCare Animal Health division, North America, said. "These updated guidelines, and the FDA’s recognition of the importance of treating microfilaria, will strengthen veterinarians’ capability to reduce the incidence and severity of heartworm disease in dogs."
There are conservatively 1 million cases of heartworm disease diagnosed in dogs every year, according to AHS. Heartworm disease most commonly results in abnormal functioning of the lungs, heart, liver and kidneys.