Sommerfield Heading for a Bidding War As Fresh Proposals Arrive

Summary


The prospect of a bidding war for Somerfield has increased after it emerged the supermarket chain had received further takeover approaches.

The Bristol-based group, which recently rejected a potential offer worth pounds 1 billion from theIceland-based retail investment group Baugur, said it was now considering fresh proposals.

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Extract


Sommerfield Heading for a Bidding War As Fresh Proposals Arrive

It did not name the parties involved or whether Baugur - the new owner of Iceland food chain ...

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