Tesco Takeover Rumours (TSCO)

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Tesco faces shareholder revolt over planned £3.7bn takeover of wholesale giant Booker. Read more: http://www.thisismoney.co.uk/money/markets/article-5397157/Tesco-faces-shareholder-revolt-3-7bn-Booker-takeover.html#ixzz57DwiZ4ae
So the U.S. hedge fund thinks Tesco will be getting a bargain! for the Booker takeover if it goes ahead. Time to buy some shares in Tesco methinks. ;o)
The Government begins the death of the small food retailer. Tesco, the UK’s largest supermarket chain, has received final approval from the country’s competition regulator for its £3.7bn takeover of wholesaler Booker This is not right, Tesco is taking control of the downward supply chain, and this chain also supplies smaller competitors, these competitors will either have to find another supplier or be at the mercy of Tesco and her prices. The merger will turn Tesco into a major supplier to small shopkeepers, serving 125,000 independent convenience stores as well as 468,000 restaurants and pubs. https://www.verdict.co.uk/tesco-booker-merger-grocery/
There’s little trepidation over the shareholder vote expected at the end of February. “There are some smaller Booker shareholders wanting to negotiate a better price, but they won’t have enough votes,â€￾ said Bruno Monteyne of Bernstein. In March, however, two of Tesco’s biggest investors came out against the acquisition, with Schroders urging Tesco chairman John Allan to stop the deal. HTTPS://www.standard.co.uk/business/tesco-s-37-billion-takeover-of-booker-gets-green-light-at-last-a3724011.html
Tesco’s £3.7bn takeover of wholesaler Booker has been fully cleared by the UK’s competition watchdog despite widespread concern that the deal will hand the supermarket an even greater grip on the market........... However, the Competition and Markets Authority (CMA) has announced, following a seven-month review, that it has concluded the deal does not raise competition concerns and have rubber-stamped their decision.
"..Tesco said it expects the votes to occur in February, ahead of full completion in March" http://www.telegraph.co.uk/business/2017/12/20/tescos-37bn-booker-takeover-waved-competition-regulator/
Article on the Booker take-over from the Telegraph www.telegraph.co.uk/business/2017/12/20/tescos-37bn-booker-takeover-waved-competition-regulator/
toon , yep final CMA approval is due by 26th december :-) Haven't a clue if shareholders of both companies will approve though. FT: Bruno Monteyne (Bernstein) expects Tesco shareholders to approve the deal by more than the required 50 per cent margin. The deal also requires support from 75 per cent of Booker shareholders, who have watched the value of Tesco shares fall since the takeover was announced and could demand more equity in the combined business. HTTPS://www.ft.com/content/f042ca14-c922-11e7-ab18-7a9fb7d6163e
The thing I find with the so called CHEAP foods like Basics etc, is that they aren't necessarily Cheaper than everything else when it comes to Ingredients, they are just using the cheap crap stuff that makes food cheaper but doesn't improve the health qualities of those foods which is worse for your health which in the long run could cost you more when your health deteriorates. We cut out all junk food in our house, no crisps, biscuits, chocolate other than the good quality stuff which is proper chocolate, not the rubbish that Cadburies is now pushing on us(Since there American Takeover). Cut down on the Wheat based products and high Carbs and you find you need to eat less but far better quality foods because you are not always hungry. Cheaper foods doesn't mean it's better for you but better for the Grocer.
Hargreaves Lansdown senior analyst Laith Khalaf called the deal “a potential banana skin for management.â€￾ “The risk is that just as the good ship Tesco is steadying, it gets blown off course by the Booker deal,â€￾ he said. “This is also not a takeover that is unanimously backed by shareholders, with a few big investors voicing their opposition to the transaction.â€￾
Nisa members vote in favour of Co-Op takeover, though this still needs CMA approval. Will this help Tesco/Booker merger?
Britain’s grocers are braced this week for the a provisional decision from competition watchdogs on Tesco’s £3.7bn takeover of the cash and carry giant Booker. The Competition and Markets authority is expected to unveil the findings of a five-month investigation of Tesco chief executive Dave Lewis’s controversial expansion bid. - Telegraph HTTPS://uk.webfg.com/news/press-round-up-short-premium/monday-newspaper-round-up-budget-hole-fed-head-trains-tesco--2941419.html
"Booker expects Tesco takeover deal to complete by 2018" The wholesaler reports pre tax profits of £88m as it waits on findings from the CMA HTTP://www.independent.co.uk/news/business/news/booker-tesco-takeover-deal-complete-2018-wholesaler-competition-and-markets-authority-a7995996.html
Tesco's Booker takeover must be blocked, wholesalers tell watchdog HTTP://www.telegraph.co.uk/business/2017/10/05/tescos-booker-takeover-must-blocked-wholesalers-tell-watchdog/
Told you's Now let's see if TSCO gets a kicking on NASDAQ I reckon they need cash .... buywell312 Sep '17 - 14:07 - 20696 of 20700 0 2 Edit RSI now indicating overbought Next leg down begins Should last till xmas Can Booker save their @rse ? Is it Booker cash pile that is urgently needed ? 29 JUNE 2017 • 7:49AM Tesco has requested the competition watchdog speed up its review of the supermarket's planned takeover of food wholesaler Booker.
RSI now indicating overbought Next leg down begins Should last till xmas Can Booker save their @rse ? Is it Booker cash pile that is urgently needed ? 29 JUNE 2017 • 7:49AM Tesco has requested the competition watchdog speed up its review of the supermarket's planned takeover of food wholesaler Booker.
If Amazon are serious about taking significant grocery market share in the U.K they need real estate presence and the quickest way to do that would of course be to make an acquisition. But who? Asda owned by Walmart, so not likely. Sainsbury's, takeover by Quatar group been mulled for quite a while plus the takeover of HRG might put them off. Co-op, maybe. Morrisons, maybe. Discounters, nope. But to get real presence, maybe Tesco ;)
Co-op closes in on £130m Nisa takeover as Sainsbury's pauses talks HTTPS://www.theguardian.com/business/2017/aug/30/co-op-nisa-takeover-sainsburys-talks
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