Safeway suitors line up



The bidding stampede for the UK’s fourth largest supermarket operator opened with an all-share offer of around £2.5 billion from Safeway’s smaller rival William Morrison.

Since then, five other interested parties have joined the fray: Asda, owned by the world’s largest retailer Wal-Mart; Tesco, the UK’s leading retailer; Sainsbury’s, second in the UK retail market; Kohlberg Kravis Roberts (KKR), a US buyout specialist; and Philip Green, the billionaire owner of high-street giant Bhs. UK retailer

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