UK supermarket retailer Safeway has announced that its shareholders have voted overwhelmingly in favour of the proposed takeover of Safeway by rival Wm Morrison Supermarkets.
Meanwhile, Morrisons has announced that at its extraordinary general meeting, Morrisons shareholders also overwhelmingly approved the merger.
Executive chairman of Morrisons, Sir Ken Morrison, described the proposed merger as a “transforming step for Morrisons”, that will enable it to expand across the UK.
“We have very clear and detailed plans for Safeway and I am confident that we will be able to integrate the two businesses swiftly and effectively,” he said.
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