UK: Morrisons may lower Safeway offer - report
UK supermarket chain Wm Morrison is reported to be considering lowering the price of its takeover bid for rival Safeway if it is given regulatory approval to proceed with a bid. Yorkshire-based Morrisons made a takeover bid for Safeway back in January, but the offer has since lapsed. At yesterday's [Wednesday's] closing share price, the bid would have valued Safeway at £2.85bn (US$4.47bn).
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