they're taking 61% of delhaize. will be equal seats on the management board and the supervisory board. the company will be listed in amsterdam and in brussels. no more share buybacks for the shareholders of ahold but they will be given one billion euros. why does it make so much sense? they are both big players in the united states. yes, they are big in there home countries in brussels in amsterdam, but they will combine to make the fifth biggest u.s. supermarket chain. they were finding there was more competition in the u.s. they combined their ahold and stocks and shops. food lion is owned by delhaize. bring them together and you make a better competitor. they will see cost savings. 500 million euros will be saved per year by the third year. you will get the odd cost, but you will also be aiming the dividends of the shareholders to 40%-50% of adjusted profits. his is a giant deal that takes form and overall it is ahold taking the reins. it is a purchase rather than a merger. mark: that is the deal which is on. whi

agreeing to merge with delhaize.ut half their business in the u.s. combined value at $29 billion. it will create the fifth largest super market chain in the u.s. this deal was expected for a long time. last month i had a chance to sit down with kroger the number two grosser in this country behind walmart and i asked how he would feel about this deal and creating a larger tougher competitor. >> we've competed with ahold a little bit. delhaize for years. both are good operators. whenever somebody merges it creates opportunities because you have to do a lot of work behind the scenes. it creates opportunities to take care of the customer but we don't -- they're all already good sized. we don't think there's going to be that much economy scale for them. >> he doesn't feel threatened by them. i asked if he would have to do another big deal to try to compete and he said no. always generally on the lookout for smaller ones but they've had a big one and the results are showing. 46 consecutive quarter of growth. that stock has

delhaize, the owner of food lion, they could be emerging with a rival.seems shareholders do not really like it here not enough premium. er getting closer to a deal. that is pleasing stockholders today. julie: taking a look in the u.s., we have a bit of a pullback in the u.s.. nonetheless, investors are having trouble justifying perhaps the record in the major averages given there are some major headwinds. very little change, the nasdaq up slightly. the dow and s&p pulling back slightly. we have really come up against the record for the s&p 500. there is a one-year chart. the green is the record that we .ere at in may we are coming back toward that level but it looks like we cannot quite get there. so we are seeing that sideways trade. take a look at what is happening with treasuries. not an enormous amount of movement. none right now despite a move upwards in yields. 2.41% on the 10-year. scarlet: we have some headlines crossing that carl icahn is exiting his stake in netflix. of course, netflix announcing a stock split yesterday. if you look at how thei

ahold has agreed to buy delhaize for $10 billion.he companies own food lion and stop & shop chain s in the u.s. and the ball is now in the nfl's court in the deflategate saga. tom brady and his lawyers spent 10 hours yesterday declaring his innocence. the nfl says brady knew footballs were tampered with in the game that put new england into the super bowl. brendan: someday this will end, and so will your pain. vonnie: 10 years? it sounds like a greece negotiation. brendan: moving to santa clara. shareholders of yahoo! will meet and search for meaning. the u.s. director of research for bloomberg intelligence. the strategy for yahoo! right now is how best to sell its most important assets. it is not about their core business. >> it is about making sure they can really get this alibaba spinoff deal done in a tax free way. orissa meyer -- marissa mayer structured a very shareholder friendly deal. this will be a great transaction. then eventually shareholder, the tension -- the attention will shift to the core business. it is. again, they

ahold is taking over dell hayes -- delhaize which i probably mispronouncing. and teh ahold will run the combined group. a lot of people work in -- were participating because there is fierce competition. to have pricing power, you need scales to compete with the likes of law -- of walmart or all the in europe. matt: if you can think of a case of a merger of equals, please tweet us. it is a marriage of a different kind of thing and it has been a business relationship in most cases. olivia: number four, global markets hitting new highs. gaining for a fit day as japan's benchmark over there rose -- as gaining for the benchmark and they hit the one-month high and an all-time high while the dow closed yesterday at its highest level since the end of may. i particularly jazzed about the stock market there. i am jazzed. it has doubled since shinzo abe said he would double the money supply. you have to keep in mind with nikkei it is barely half of where it was in 1989. matt: especially in conjecture with the fact that the japanese economy has been set for two decades. w

while delhaize is part. to bring money ball to the average golfer. dom chu joins us with details. >> we do. think of it as bringing together the worlds of big data cloud computing, wearable technology. all applying it to golf. that's what this partnership between taylormade and microsoft is meant to do. it represents one of the first time a major golf equipment maker has teamed up with a megacap technology company. in a nutshell microsoft's current wearable will now feature a golf tracking feature. it's going to take data about your shots, distances, how many times you're in the rough. how many times you hit a green or fairway. translate all that in a summary of year round. whether you're playing golf for a living or just a weekend warrior, you're going to be able to manage your game by the numbers to see where you should focus your practice and efforts and how you're improving. so let's talk more about this partnership. joining us is the president and ceo of taylormade. david, thanks for joining us here. so