Booker Group PLC (BOK.L)
22 Feb 2017
Feb 6 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
LONDON Britain's biggest retailer Tesco agreed a surprise 3.7 billion pound ($4.6 billion) takeover of food supplier Booker on Friday, increasing its exposure to the fast growing catering sector.
LONDON Britain's biggest supermarket Tesco last week agreed a 3.7 billion pound ($4.6 billion) cash and shares takeover of Booker , the country's largest wholesaler, that would increase its dominance of a 195 billion pound food market.
(The following statement was released by the rating agency) LONDON, January 30 (Fitch) Tesco's purchase of food wholesaler Booker Group points to a trend of UK food retailers seeking to expand outside of their core business, Fitch Ratings says. These deals reflect the limited prospects for organic growth or acquisitions within the mature and highly concentrated food retail sector. They also provide ways to diversify into other growing retail channels, improve logistics and digital services
* Tesco shares up 10.5 pct, Booker shares up 18 pct (Adds detail, investor comment, updates shares)
* Booker CEO says Tesco/Booker deal is "pro competition", "compelling" case to clear competition regulations
LONDON, Jan 27 Britain's biggest supermarket Tesco said it would buy the country's largest cash and carry wholesale supplier Booker in a recommended share and cash merger which valued Booker at about 3.7 billion pounds ($4.64 billion).
* Future Consumer Ltd says co to make investment in Booker India Pvt to tune of INR 500 million
Oct 13 Booker Group Plc, Britain's biggest cash-and-carry wholesaler, posted a 13 percent jump in total sales for the 24 weeks ended Sept. 9, driven by its online business.
* As previously indicated, we intend to make a special return to shareholders in July 2017