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Bids, Mergers and Takeovers

Tesco seeks fast track process for Booker merger

29 June 2017 07:17

Tesco said it has now requested that the Competition & Markets Authority uses the 'fast track' process to allow it to move more quickly to examining the proposed merger with Booker via a detailed Phase 2 process.

"We expect the CMA to issue an early decision to refer to Phase 2 within the next two weeks," the company said.

"We are grateful to the CMA team for the work they have done to date and appreciate the support of customers, suppliers and colleagues during this process."

Story provided by StockMarketWire.com

Related Company: TSCO

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