Summary
Bidders circling supermarket chain Somerfield will learn this week if their pounds 1bn-plus offers have gained boardroom support.
The directors of the Bristol-based chain are to choose one of two offers. One is from a group led by Iranian property tycoon Robert Tchenguiz, and the second involves brothers Ian and Richard Livingstone ( owners of London & Regional Properties ( and backed by Japanese bank Nomura.See the full content of this document
Extract
Bidders Waiting
Somerfield has already told Icelandic chain Baugur that it could not support an appro...
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