By Jamie Barrie T esco, a British multinational grocery and general merchandise retailer with headquarters in Welwyn Garden City, Hertfordshire, England gets approval for $5.51 billion USD takeover of Booker. The deal has Britain’s biggest retailer and the third-largest retailer in the world, with stores in 12 countries taking over Brit- ain’s largest wholesaler, Booker, in a cash and share deal that has received court approval and backed by both companies share holders.
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SPOTLIGHT ON BUSINESS MAGAZINE • MARCH 2018
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