UK: Rumours fly as retailers consider impact of Safeway ruling
Following the ruling by the Department of Trade and Industry last week that cleared the way for Yorkshire-based supermarket chain Morrisons to bid for larger rival Safeway, speculation and rumours regarding the future of the UK supermarket sector remained rife over the weekend. While an industry source told Reuters that Safeway had not decided what price to ask from Morrisons for the takeover, the Sunday Times reported that Safeway would ask its suitor to pay £3.5bn (US$5.8bn), compared to the retailer's now-lapsed initial January offer of £2.9bn.
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