Dobbies urges investors to back bid

Dobbies Garden Centres today urged shareholders to back a “very generous” £155.6m (€230m) takeover offer from supermarket giant Tesco.

Dobbies urges investors to back bid
Fri, 10 Aug, 2007 - 10:54

Dobbies Garden Centres today urged shareholders to back a “very generous” £155.6m (€230m) takeover offer from supermarket giant Tesco.

The letter to investors follows yesterday’s announcement that entrepreneur Tom Hunter’s investment vehicle West Coast Capital did not intend to make a counter bid for Dobbies, which has 21 stores in the UK.

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CourtsBusinessHeathrowPlace: UKPerson: Tom HunterPerson: TomPerson: ChairmanPerson: Alex Hammond-ChambersOrganisation: DobbiesOrganisation: Dobbies Garden CentresOrganisation: TescoOrganisation: West Coast CapitalOrganisation: Financial TimesOrganisation: Tesco HoldingsOrganisation: WyevaleOrganisation: Blooms
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