UK: Wal-Mart's Asda considers £2bn offer for 70 Safeway stores - report
UK supermarket chain Asda is reported to have made an indicative offer to buy 70 stores from smaller rival Safeway for up to £2bn (US$3.49bn). Asda, which is owned by US retail giant Wal-Mart, is understood to have outlined a plan at the end of November to buy Safeway's best 70 stores.
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