Tesco Takeover Rumours (TSCO)

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Wednesday 12 July 2017 7:15am Tesco's £3.7bn takeover of Booker will be the subject of an in-depth investigation, UK competition authorities announced this morning. In its initial findings, the CMA identified more than 350 areas where there is an "overlap between Tesco shops and Booker-supplied ‘symbol’ stores, [and] shoppers could face worse terms when buying their groceries". http://www.cityam.com/268283/tesco-booker-takeover-referred-depth-competition-probe
One more ;-) MARKET REPORT: Shares in Tesco soar to top of FTSE after recent hot weather led takeover target Booker to post ‘outstanding’ sales Read more: HTTP://www.thisismoney.co.uk/money/markets/article-4668728/MARKET-REPORT-Shares-Tesco-soar-FTSE.html#ixzz4m04bCZ7U
Market report: "...Booker traded higher after it reported growth in like-for-like sale in the first quarter thanks to the late Easter and favourable weather, lifting shares in Tesco, which is awaiting clearance for its takeover of the food wholesaler and convenience store owner." HTTP://www.sharecast.com/news/london-midday-stocks-flat-as-services-pmi-disappoints/26150781.html
The boss of the country’s biggest convenience store chain, McColls, has told The Daily Telegraph that he is eyeing a possible takeover of Tesco’s One Stop chain. Industry experts believe that Tesco will have to either offload its One Stop brand or hundreds of Tesco Express shops in order to secure clearance from the UK’s competition regulator for its merger with the wholesaler Booker. http://www.telegraph.co.uk/business/2017/05/21/mccolls-shopping-tescos-one-stop-chain-booker-merger-fallout/
oh and for Portside1 an article which suggests there are some who think this is a good deal - http://www.telegraph.co.uk/business/2017/05/18/booker-sales-surpass-5bn-ahead-tesco-takeover/
Hello I am talking of muddy figures after the takeover...you no smelling the coffee!...
Of course he would defend the 3.7bln takeover....to muddy the figures & keep lifestyle intact..
Tesco boss defends £3.7bn Booker takeover TESCO boss Dave Lewis yesterday defended its “compellingâ€￾ £3.7billion takeover of wholesaler Booker after the supermarket’s turnaround gathered pace with its first growth in UK sales for seven years. http://www.express.co.uk/finance/city/791400/Tesco-defends-Booker-takeover-Dave-Lewis
Tesco is expected to report a rise in full year profits next week but the supermarket faces growing shareholder scrutiny of its proposed £3.7 billion takeover of Booker. Analysts at HSBC expect the grocery giant to report annual pre-tax profits of £464 million on Wednesday, up from £162 million last year, as chief executive Dave Lewis continues to lead the group’s recovery. Total sales, including international, are forecast to remain broadly flat at £54.8 billion in the year to February. However, Tesco’s attempted merger with wholesaler Booker is expected to overshadow the results after a number of investors spoke out against the deal in recent weeks. http://www.newsletter.co.uk/news/business/tesco-set-to-reveal-rise-in-profits-amid-booker-scrutiny-1-7906321
Tesco: 'How we'll play fair with all suppliers' - store giant rocked by a bullying scandal acts to calm new fears over £3.7 billion takeover By Simon Watkins, Financial Mail on Sunday Tesco will this week seek to draw a line under its accounting disaster claiming a dramatic improvement in its relationship with suppliers as well as a sharp upturn in profits. Read more: http://www.thisismoney.co.uk/money/markets/article-4393808/Tesco-rocked-bullying-scandal.html#ixzz4dm2qpMX7 Follow us: @MailOnline on Twitter | DailyMail on Facebook
ALEX BRUMMER: Tesco's Booker fiasco with chairman and chief exec reportedly at odds over takeover Disclosure of high level disagreement at Tesco looks unlikely to assist a deal which already faces substantial obstacles. Two of the grocer's top investors, Schroders and Artisan Partners, have come out against the Booker bid, saying that the price is too high and will destroy value for existing investors. But a survey by Bernstein suggests if a vote were taken now, some 70pc of investors would give their consent. A substantial minority of 30pc are against the deal or are demanding changes. http://www.thisismoney.co.uk/money/comment/article-4391596/ALEX-BRUMMER-Tesco-s-Booker-fiasco.html
lol TRADER TIPS: City insiders say buy Booker as wholesaler is in takeover talks with supermarket giant Tesco Cont... Peel Hunt said it expects the £3.7bn deal to go through and so Booker shares offered ‘a cheap way into Tesco, particularly as shareholders will receive dividends through to completion’. Read more: http://www.thisismoney.co.uk/money/investing/article-4373442/TRADER-TIPS-City-insiders-say-buy-Booker-sell-CMC.html#ixzz4dB9JqJok Follow us: @MailOnline on Twitter | DailyMail on Facebook
Tesco shareholder opposes £3.7bn Booker takeoverhttp://www.bbc.co.uk/news/business-39407388
Portside - The whole uk retail sector is going through a major revolution involving the internet, ALDI/LID, etc and it will take time for major retailers, such as TESCO to come to terms with the changes. If the Booker takeover is successful, I am sure that TESCO will do well. It is a risk of course but that is what this investment business is about.
Booker takeover ??..what takeover.?? Old news.. adds no value here.. Besides any one knows people are not buying food any more No one shops at Tesco..car parks are always empty No wonder SP down every day ...drip drip drip Strange all those RNS/trader/holding announcements in it ?
The reintroduction of the dividend is obviously huge news also but appears to be somewhat overshadowed by the takeover / merger. Big Big day in the history of Tesco, make no mistake about that........
It's funny that Tesco seem to think they'll get this past competition regulators -perhaps that's in part why they're selling what is clearly a takeover (Tesco is 5x Booker) as a "merger".
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