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Investors back Tesco's £4bn takeover deal for Booker

Mar 01, 2018 - The Daily Telegraph (London)

TESCO'S £4bn takeover of Booker was overwhelmingly backed by shareholders of both companies yesterday, clearing the final hurdles to the creation of a new powerhouse in Britain's £200bna-year food market.

Investor approval, which followed the regulatory green light in December, means the cash and shares deal to combine Tesco, Britain's biggest retailer, with Booker, the country's largest wholesaler, is set to complete on March 5. The support is a personal victory for Dave Lewis, Tesco's ...