Somerfield bidders given October deadline

Potential takeover parties circling British supermarket chain Somerfield were today ordered to bid within a month or walk away.

Somerfield bidders given October deadline
Fri, 16 Sep, 2005 - 17:29

Potential takeover parties circling British supermarket chain Somerfield were today ordered to bid within a month or walk away.

The UK's Takeover Panel has set a deadline of October 14 for the groups vying for Somerfield to “put up or shut up”, removing uncertainty that has dogged the supermarket chain since the middle of February.

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