► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />European supermarket groups Ahold and Delhaize have confirmed their €25bn merger. But for a deal hailed as a merger of equals the market reaction, with shares in the smaller Delhaize dropping, is unusual. Lex's Lucy Colback and Oliver Ralph discuss why this might be.<br /><br />► Lex: http://bit.ly/1I14JZF<br /><br />► FT Business: http://bit.ly/1KUK08s<br /><br />► Italy’s migrant crisis http://bit.ly/1RgbNC9<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
