Tesco Share Discussion Threads

[temmujin] 27/1/2017 07:18

NOW we know why the price was shorted...good deal!

[temmujin] 27/1/2017 07:17

27 January 2017



TESCO AND BOOKER ANNOUNCE MERGER TO CREATE THE UK'S
LEADING FOOD BUSINESS

RECOMMENDED SHARE AND CASH MERGER
of
TESCO PLC
and
BOOKER GROUP PLC



The boards of Tesco PLC ("Tesco"), the UK's leading food retailer, and Booker Group plc ("Booker"), the UK's leading food wholesaler, are pleased to announce that they have reached an agreement on the terms of a recommended share and cash merger (the "Merger") to create the UK's leading food business.

The Combined Group will bring benefits for consumers, independent retailers, caterers, small businesses, suppliers, and colleagues, as well as delivering significant value to shareholders.

The Combined Group will be well placed to serve the large, established 'in home' food market as well as the faster growing 'out of home' food market. By bringing together Tesco and Booker's retail and wholesale expertise, supply chain and digital capabilities, the Combined Group will be able to provide greater choice, quality, price and service in the food market, whilst improving efficiency and reducing food waste. The Combined Group will bring together the capacity and capability to generate new growth and deliver significant revenue and cost synergies.

The Merger is expected to:

· delight consumers with better availability of quality food at attractive prices across retail and eating out locations;

· serve better the faster growing 'out of home' food market;

· help independent retailers, caterers and small businesses by further improving choice, price and service, with enhanced digital and delivery service options;

· present a broader market opportunity for our suppliers, with strong growth prospects and a clear opportunity to develop better own brand and fresh ranges;

· cut food waste and increase efficiency by creating a broader, multi-channel partner who can work with producers across their full agricultural crop;

· create significant opportunities for synergies whilst retaining market-leading retail and wholesale expertise; and

· create attractive innovation opportunities to serve customers and consumers better in a rapidly evolving market place.

Commenting on today's Announcement, Dave Lewis, Chief Executive Officer of Tesco said:

"Tesco has made significant progress in turning around our UK retail business. This Merger with Booker will further enhance Tesco's growth prospects by creating the UK's leading food business with combined expertise in retail, wholesale, supply chain and digital. Wherever food is prepared and eaten - 'in home' or 'out of home' - we will meet this opportunity with the widest choice and best service available."

Commenting on today's Announcement, Charles Wilson, Chief Executive Officer of Booker said:

"Booker is committed to improving choice, prices and service for the independent retailers, caterers and small businesses that we are proud to serve. We believe that joining forces with Tesco offers the potential to bring major benefits to end consumers, our customers, suppliers, colleagues and shareholders."

[tenapen] 26/1/2017 14:56

I am sorry for reading the post wrong, Portside,


I have to say I think Lewis is perfect for Tesco at this moment in time. Having a loud mouth show-off in charge, got Tesco into the mess, that Lewis is now working to get us out of.

[portside1] 26/1/2017 13:56

last post on theis issue . lewis not one mention of restoring the div at any point

[portside1] 26/1/2017 13:55

i am on about no investor info no investor will buy any share on no info
we have had no investor info for 30 months only to say no more divs .
if you can find any good news to invest in Tesco please post it .because do look ever were for company info

Tesco as a dead ceo poor pr no invest news .
and as for the hedge fund suing Tesco it can only get worse on a ever falling sp


I invest on company news
for 30 months we have had news on recovery but nothing in figures to back it up profits are the key we have not had any
but a few days before results a fund manager sold a load of shares , so what info was he given

[tenapen] 26/1/2017 13:33

when portside de-ramps or ramps no false fact is left un-said.

Tesco have a great set of adverts running just now. A moral story plus reciep, nice.

"get it down you"

[diku] 26/1/2017 12:39

porty...Barc has broken out upwards...needs to breach 240p...

[portside1] 26/1/2017 12:36

diku another good day on the blue market barcs going well

[portside1] 26/1/2017 12:34

looks like we have to wait till directors have been rewarded on the low share price which is good for their ends

[portside1] 26/1/2017 12:32

when you read papers watch tv aldi sains telling the world how good they are bragging and smiling . then you look for what Tesco is saying its blank nothing dead if the ceo /chairman can not even give out anything good just silent it says bad news bad management

[portside1] 26/1/2017 12:28

how can any investor make a decision on Tesco when even the ceo can say nothing only milk the company

[portside1] 26/1/2017 12:27

diku . Tesco is run by a silent cancer . the silence from a so called ceo over the last 30 months is amazing he has done nothing .
the share price is 65p lower than when he took the wheel .

when he does speak its that no word . encouraged end .

is silence is doing more damage to the name of Tesco than anything else
employees working hard lewis a silent cancer

[diku] 26/1/2017 12:05

porty...Tsco buy at 180p?...

[wipo1] 26/1/2017 12:02

Portside aka montyhedge

[portside1] 26/1/2017 08:06

lake . investors in Lloyds Barclays rbs have been trying for 8 years to sue for lose and no sign of winning the system is stacked against investors its all in the small print
but thank you for your post

[amoore70] 25/1/2017 17:14

Shocking grammar from porkside1, absolutely shocking. Not just once but time and time again. You can't educate pork as they say and you definitely can't educate porkside.

[portside1] 25/1/2017 16:31

younow no why the directors have not bought shares they new the figs were terrible

[ladeside] 25/1/2017 16:30

The Tesco fall is on the back of the US hedgefund claiming damages as a result of the Accounting debacle a couple of years ago. This has been known to the market for a couple of weeks, hence the steady drop down.

[portside1] 25/1/2017 16:24

will their will be a investigation into the fall on so called good turn around

[portside1] 25/1/2017 16:21

Tesco the great turn around , the figs are not correct a share price does not fall on good figs

[portside1] 25/1/2017 15:28

what a great day on the markets blue ever were . best day in weeks .

[portside1] 25/1/2017 09:59

diku I sent e mail correct for answers on certain issues in statement .
will wait till agm .
have only now gat a few shares .

more interested in banks

[diku] 25/1/2017 09:55

If you send e-mails with caps on then no reply!...