UK: Somerfield acquisition of Morrison stores referred to Competition Commission
The UK's Office of Fair Trading today (Wednesday) referred the acquisition by supermarket chain Somerfield of 114 stores from Wm Morrison Supermarkets to the Competition Commission.
"We identified 22 mid-range stores and one one-stop store which raise possible competition concerns, using the Competition Commission's methodology," said executive director Penny Boys. "In light of this, the OFT considers that it is appropriate for the commission to undertake a detailed investigation of the transaction."
UK supermarket group Somerfield has said group like-for-like sales slid 0.4% in the 53 weeks to 30 April 2005....
United Co-operatives Limited has announced that it has made an approach to the board of supermarket chain Somerfield with a view to exploring the possibility of making an offer for Somerfield....
Supermarket Tesco further increased its lead in the UK grocery market in the twelve weeks to 24 April 2005, according to market analysts TNS. Sainsbury managed a small rise, while Wal-Mart's Asda and ...
Dairy company Robert Wiseman Dairies PLC announced today (Thursday) that its supply contract with Wm Morrison Supermarkets is not to be renewed....
Dairy Company Dairy Crest announced today (Thursday) that it is getting a bigger share of WM Morrison's dairy business. It has also acquired dairy company Starcross Foods....
Any move from Asda will be an important catalyst in the race to land Somerfield. The Wal-Mart owned group could well see its acquisition target as an important route into the ever-expanding convenienc...
Wal-Mart's UK supermarket chain Asda, is considering a bid for supermarket Somerfield, according to the Sunday Telegraph newspaper....
Icelandic investment group Baugur has joined a group including property entrepreneur Robert Tchenguiz that is seeking to buy the Somerfield supermarket chain, according to the Financial Times....
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