Monday, April 14, 2008

Somerfield in takeover talks with Co-op

Somerfield has held exclusive talks with Co-op about a deal to purchase Britain's fifth largest grocery chain.

Press reports have said that Co-op has put in a revised bid – it's first was £1.7bn – for Somerfield, which has allowed talks to resume, and conduct due diligence on Somerfield's accounts.


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