On June 24, 2015, leading international food retailers Delhaize Group and Royal Ahold N.V. announced that they have entered into an agreement to merge in a transaction that will create a combined company, Ahold Delhaize, valued at approximately $29 billion based on their closing share prices on Tuesday, June 23, 2015. Cravath is representing Delhaize in connection with this transaction. Under the terms of the merger agreement, each Delhaize shareholder will receive 4.75 Ahold ordinary shares for each Delhaize ordinary share.

The Cravath team is being led by partners Richard Hall and Jonathan L. Davis and includes associate Isaac C. Beerman on M&A matters; partner Craig F. Arcella and associate Welton E. Blount Jr. on financing matters; partner Christopher K. Fargo, associate Antje Hagena and foreign associate attorney Timur G. Celik on tax matters; senior attorney Jarrett R. Hoffman and associate Matthew J. Bobby on executive compensation and benefits matters; and partners Christine A. Varney and Julie A. North and associates Daniella L. Esses and Nicole M. Peles on antitrust matters. Summer associate Brian C. Mulhall also worked on M&A matters; summer associate Anthony J. Ramirez also worked on executive compensation and benefits matters; and summer associates Nathalie J. K. Baker and Maya Khan also worked on antitrust matters.