Safeway takeover moves closer

The £3bn (€4.4bn) takeover of UK supermarket group Safeway by rival Morrisons was moving a step closer today.

Safeway takeover moves closer
Wed, 11 Feb, 2004 - 05:57

The £3bn (€4.4bn) takeover of UK supermarket group Safeway by rival Morrisons was moving a step closer today.

Shareholders are expected to vote overwhelmingly in favour of the tie-up, which would create the UK’s fourth largest supermarket chain.

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