UK: Tchenguiz consortium ‘working towards Somerfield offer’
The consortium of Apax Partners Worldwide, Barclays Capital and the Tchenguiz Family Trust has confirmed that it is continuing to work towards a takeover offer for UK grocery retailer Somerfield.
"However, there can be no certainty that any offer will be forthcoming, nor the terms of any such offer," a statement from the consortium said, adding that the announcement was being made at the request of the Takeover Panel.
Last week London and Regional Properties (L&R) announced that it had decided not to proceed with an offer for Somerfield, leaving the Tchenguiz consortium as the only party left in the bidding process.
The Takeover Panel has set a deadline of 14 October for takeover offers.
Icelandic investment group Baugur has confirmed its withdrawal from a consortium planning to bid for UK supermarket chain Somerfield....
Icelandic retail investor Baugur is set to walk away from the consortium planning a bid for supermarket chain Somerfield, according to the Guardian newspaper....
Supermarket chain Somerfield, currently the subject of interest from potential bidders, has reported a rise in pre-tax profit, before exceptional items for the year to 30 April to £53.1m from £32.5m a...
Supermarket chain Somerfield has announced that United Co-operatives Limited has decided not to proceed with an offer for the company....
Flavoured milk company Bravo! Foods International has announced that its wholly-owned United Kingdom subsidiary, Bravo! Brands (UK) Ltd will ship the first round of its Slammers fortified milk drink p...
The Competition Commission has published a list of uses as part of its inquiry into the recent acquisition of 115 stores and other assets from WM Morrison Supermarkets by supermarket chain Somerfield....
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....
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