Business Services Industry
Three British Supermarket Rivals to Vie for Takeover of Safeway.
Knight Ridder/Tribune Business News, January, 2003
Daily Mail, London Knight Ridder/Tribune Business News
Jan. 14--Safeway is about to become the centre of a UKpound 3.5 billion three-way scrap between supermarket rivals Sainsbury, Asda/Wal-Mart and Morrison.
Sainsbury boss Sir Peter Davis said it wants to trump Morrison's all-share offer with a bid of more than 300 pence a share in cash and shares.
US giant Asda/Wal-Mart is today expected to lay even more cash on the table. It may offer 327 pence a share, valuing Safeway at UKpound 3.4 billion. Morrison fell 5 1/2 pence to 185 pence, valuing its bid at 244 pence a share.
Former Asda chief Allan Leighton is hoping to enter the fray. He has hired Merrill Lynch as adviser and may front a bid from a private equity house, or team...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
