Somerfield stock rises after takeover proposals revealed

Fresh developments in the £1bn (€1.45bn)-plus takeover saga at Somerfield kept shares in the UK's fifth biggest supermarket chain on the boil today.

Somerfield stock rises after takeover proposals revealed
Fri, 01 Apr, 2005 - 11:50

Fresh developments in the £1bn (€1.45bn)-plus takeover saga at Somerfield kept shares in the UK's fifth biggest supermarket chain on the boil today.

The FTSE 250 Index stock rose almost 2% to a new high of 213p after the chain said last night it had agreed to enter into talks with potential bidders.

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CourtsBusinessHeathrowPlace: UKPlace: IcelandPlace: LondonPerson: Robert TchenguizPerson: Livingstone brothers’Person: TchenguizPerson: Livingstone brothersOrganisation: SomerfieldOrganisation: BaugurOrganisation: FTOrganisation: BookerOrganisation: Big FoodOrganisation: ApaxOrganisation: Barclays Capital
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