Peapod shareholders have given the go ahead to Ahold's $73m acquisition of a 51% stake in the online grocer. The rescue was unveiled in April when Peapod revealed it was running out of cash after a consortium of investors withdrew $120m of funding. Marc van Gelder, Peapod's president and CEO, said that having "consummated their strategic partnership", the two companies wanted to build a strong clicks-and-mortar position. "Peapod and [Ahold subsidiary] Stop & Shop are already offering an online service in southern Connecticut with significant interest in the service. This is the first of many such initiatives we expect to introduce along the Eastern seaboard." He added that "fast pick" fulfilment centres would remain key to Peapod's plans. {{NEWS }}