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Court approves takeover as Booker shares delist
Thursday 08 Mar 2018 Author: Tom Sieber

The £4bn takeover of wholesaler Booker by supermarket Tesco (TSCO) is complete.

The deal, first announced in May 2017, received court approval on 2 March having already received the backing of both sets of  and been signed off by competition authorities.

The new merged entity has a market value equivalent to that of Sainsbury’s (SBRY), WM Morrison Supermarkets (MRW), Marks & Spencer (MKS) and Ocado (OCDO) put together. (TS)

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