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Proposed takeover by US private equity firm in focus
Deal could be reached with Centerbridge within weeks
IT’S time for Britain’s largest retailer to start the mother of all price wars. Tesco Plc has the perfect opportunity to slash prices on everything from milk to mushrooms – and lure customers away from competitors.
LONDON: Wm Morrison Supermarkets Plc shares are poised to gain after the UK supermarket operator agreed to a £6.3bil (US$8.7bil or RM36.2bil) takeover bid that could prompt counteroffers.
AN investor group backed by a SoftBank subsidiary, America’s billionaire Koch family and others is positioning itself as the white knight riding to the rescue of Wm Morrison Supermarkets Plc.
LONDON: Deliveroo Hero SE has raised more than US$180mil in its latest funding round, valuing the UK online food delivery company at over US$7bil, according to a company statement.