Tesco PLC (TSCO.L)
16 Feb 2018
LONDON Investors in retailer Booker should reject a "less than compelling" 3.7 billion pounds ($5.2 billion) takeover bid by British market leader Tesco, a top advisory firm said.
* ISS sees limited hit to Booker shares if deal fails (Adds detail from report, background, bullet points)
LONDON, Feb 15 Shareholder advisory firm Institutional Shareholder Services has recommended investors in Booker to vote against a planned merger with Tesco , citing concerns about the financial merits of the deal.
LONDON, Feb 10 Supermarket group Tesco, Britain's biggest retailer, is planning a chain of cut-price stores to counter the growth of discount rivals Aldi and Lidl, the Sunday Times newspaper reported.
LONDON A U.S. hedge fund which owns a stake in Booker Group said on Thursday it plans to oppose Tesco's 3.7 billion pound takeover bid unless the wholesaler secures a better deal.
LONDON A U.S. hedge fund which owns a stake in Booker Group said on Thursday it plans to oppose Tesco's 3.7 billion pound ($5.2 billion) takeover bid unless the wholesaler secures a better deal.
* Booker shareholders to vote on deal on Feb. 28 (Updates with comments from activist investor)
LONDON, Feb 8 Activist investor Sandell Asset Management plans to oppose Tesco's 3.7 billion pound ($5.2 billion) takeover of Booker Group unless the wholesaler secures a better offer from Britain's biggest retailer.
LONDON Supermarket group Tesco is facing a potential bill of up to 4 billion pounds ($5.6 billion) in a record equal pay claim involving mainly women workers at its British stores, according to the law firm pursuing the case. | Video
* Equal pay a hot topic in UK politics, boardrooms (Adds detail, legal comment, Asda comment)