UK: Safeway boss admits chain is vulnerable to takeover
Safeway chief executive Carlos Criado-Perez yesterday [Wednesday] conceded that his group is vulnerable to takeover. Speaking as he announced full-year profits up 11% to £355m (US$517.8m) Criado-Perez acknowledged the group was vulnerable but added: "I would hate that to happen. I want Safeway to be an independent company."
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