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Ahold Reports 3Q Loss Related to Class Action Settlement, Unveils Plan to Split U.S. Foodservice
AMSTERDAM, the Netherlands -- Royal Ahold yesterday reported a third-quarter net income loss of US $281.6 million (239 million euros), including a US $689.4 million (585 million euros) after-tax charge related to the international retailer's $1.1 billion settlement earlier this week with its shareholders in the wake of a profits overstatement scandal at the company's U.S. Foodservice unit.