Tesco joins Safeway takeover battle

The UK’s largest supermarket chain Tesco muscled in on the takeover battle for Safeway today by revealing it was considering a bid for the business.

Tesco joins Safeway takeover battle
Wed, 22 Jan, 2003 - 08:44

The UK’s largest supermarket chain Tesco muscled in on the takeover battle for Safeway today by revealing it was considering a bid for the business.

Chief executive Terry Leahy said the group was lining up a part-cash, part-share deal that would prove “compelling” to Safeway shareholders.

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