Let me get this straight. Shareholders of AHO have won a settlement over accounting issues that will require AHO to pay those shareholders about 1.1 billion. I agree that AHO executives should be held responsible for any and all irregularities both abroad and here with US Foodservice. What sense does it make for shareholders to ask an already debt laden company (about $6 billion)in the midst of a turnaround attempt to pay them another billion? Shareholder value would be better served without this short term monetary gain.
There was an ad in one of the newsweeklies yesterday (I think it was in Time magazine but it could've been Newsweek) showing the settlement and contact info. If you bought AHO stock before February 24, 2003, you will get back at least $1.91 per share owned. Website is www.aholdsettlement.com
I took a look at the settlement and it's based on losses incurred and on when the stock was sold. If you owned AHO stock at any time from 1999 to 2003, you'll need to check this out for yourself.
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