Wal-Mart throws hat into ring for Safeway fight

US retail giant Wal-Mart made it a three-way fight for the UK’s fourth-largest supermarket chain today after revealing plans to enter the bidding war for Safeway.

Wal-Mart throws hat into ring for Safeway fight
Tue, 14 Jan, 2003 - 15:00

US retail giant Wal-Mart made it a three-way fight for the UK’s fourth-largest supermarket chain today after revealing plans to enter the bidding war for Safeway.

Wal-Mart, which bought Asda in 1999, said it was considering an all-cash bid for the business and was seeking clearance from the British Office of Fair Trading.

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CourtsHeathrowPlace: UKPerson: Tony De NunzioPerson: MorrisonPerson: De NunzioPerson: Patricia HewittPerson: AsdaPerson: Iain McDonaldEvent: ChristmasOrganisation: Wal-MartOrganisation: SafewayOrganisation: AsdaOrganisation: British Office of Fair TradingOrganisation: SainsburyOrganisation: MorrisonOrganisation: TescoOrganisation: Office of Fair TradingOrganisation: Numis SecuritiesOrganisation: Sainsbury’s
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