Safeway suitors line up

News

news1-1-gif

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 reta

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: