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.
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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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By GlobalData
