Financial statements - Notes to the consolidated financial statements
Note 35
Put/call arrangements
Williams Humbert put/call option
Bradlees
In 1992, Stop Shop spun off Bradlees as a public company (the "Bradlees Spin-off"). In connection with the Bradlees
Spin-off, Stop Shop assigned to Bradlees certain commercial real property leases. In connection with the Bradlees
Bankruptcies, a number of such real property leases were assumed and assigned to third parties. Pursuant to applicable
law Stop Shop may be contingently liable to landlords under certain of the leases assigned in connection with the Bradlees
Spin-off and subsequently assumed and assigned to third parties in connection with the Bradlees Bankruptcies.
As part of the divestment of Williams Humbert in the second quarter of 2005, the W&H call option, pursuant to which
Ahold's former joint venture partner in W&H could have purchased the shares of W&H held by Ahold, was terminated.
Paiz Ahold Put Option
As a result of the divestment of Paiz Ahold in the third quarter of 2005, the Paiz Ahold put option, pursuant to which Ahold
had the obligation to purchase the Paiz family's interest in Paiz Ahold should the Paiz family's indirect interest in CARHCO
fall below 13.33%, was terminated.
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