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Somerfield Acquisition Would Create Britain's No. 5 Food Retailer
BRISTOL, England -- Somerfield Plc, the U.K. owner of Kwik Save and Somerfield supermarkets, said yesterday that it has received a $1.85 billion takeover approach from Baugur Group, an Icelandic retailer. If approved, the transaction would create Britain's No. 5 food retailer. -
Somerfield to Buy 114 U.K. Safeway Stores
BRISTOL, England - Somerfield Plc, which operates the Kwik Save and Somerfield grocery chains, has agreed to purchase 114 Safeway stores from William Morrison Supermarkets Plc for 260.2 million pounds (U.S.$478 million) in cash to increase its customer base, according to published reports.