Report: Tesco May Be Considering Ahold Takeover
AMSTERDAM - Shares in global supermarkets and foodservice group Ahold opened 10 percent higher on Monday after a report that British retailer Tesco was considering a takeover bid for the Dutch group.
The report, which appeared this weekend in Britain's Independent, speculated that Tesco might bid 10 billion pounds for the Dutch firm, which saw its shares hammered last week when an accounting controversy forced the resignation of its two top executives.
Tesco has said it never comments on speculation but added it was "surprised" by the report in Britain's Independent, Reuters reports.
The report, which appeared this weekend in Britain's Independent, speculated that Tesco might bid 10 billion pounds for the Dutch firm, which saw its shares hammered last week when an accounting controversy forced the resignation of its two top executives.
Tesco has said it never comments on speculation but added it was "surprised" by the report in Britain's Independent, Reuters reports.