REMINDER: Our user survey closes on Friday, please submit your responses here

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

Pin to quick picksBooker Group Share News (BOK)

  • There is currently no data for BOK

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Tesco completes $5.5 bln takeover of Booker?

Mon, 05th Mar 2018 08:27

* Booker shares de-listed

* Integration of Tesco and Booker to begin

* Takeover approved by court on Friday

* Investors backed deal on Wednesday(Adds detail)

LONDON, March 5 (Reuters) - Tesco's 4 billion pound($5.51 billion) takeover of Booker has completed, bothcompanies said on Monday, creating a new powerhouse in Britain's200 billion pound-a-year food market.

The cash and shares deal to combine Tesco, Britain's biggestretailer, with Booker, the country's largest wholesaler,received court approval on Friday and is now in effect.

The deal received regulatory approval in December and bothsets of shareholders backed the plan last Wednesday.

Booker shares have now been de-listed from the London StockExchange. For each Booker share Tesco offered 0.861 new Tescoshares and 42.6 pence in cash. Tesco shares closed Friday at 202pence.

Analysts noted that with a market capitalisation of justunder 20 billion pounds, Tesco is now bigger than the whole ofrivals Sainsbury's, Morrisons, Marks & Spencerand Ocado put together.

Tesco will now start its "Joining Forces" programme tointegrate the two businesses.

Charles Wilson, formerly Booker's chief executive, takesover as CEO of Tesco's retail and wholesale operations in the UKand Ireland reporting to group CEO Dave Lewis.

Stewart Gilliland, formerly Booker chairman, will become anon-executive director of Tesco.

($1 = 0.7254 pounds)(Reporting by James Davey; editing by Sarah Young and JasonNeely)

More News
5 Mar 2018 10:51

BUZZ-Top of the Street: Deutsche Telekom, UK Grocers, IMI, Segro, ProSieben

A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Top-ranked Barclays downgrades Deutsche Telekom to "equal seeing in a

Read more
5 Mar 2018 10:34

Miners, energy stocks help FTSE up from 14-month low

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.5 pct * Miners, energy stocks rise * Tesco leads supermarkets after completes Kit 5 -

Read more
5 Mar 2018 07:20

Tesco completes $5.5 bln takeover of Booker?

LONDON, March 5 (Reuters) - Tesco, Britain's biggest retailer, has completed the 4 billion pound ($5.51 billion) takeover of Booker, on

Read more
28 Feb 2018 12:26

Booker shareholders back Tesco takeover at general meeting

LONDON, Feb 28 (Reuters) - Shareholders in Britain's largest wholesaler Booker on Wednesday backed a takeover by Tesco, the country's biggest a of

Read more
28 Feb 2018 12:18

Booker says shareholders back Tesco takeover at scheme court meeting

LONDON, Feb 28 (Reuters) - Shareholders in Britain's largest wholesaler Booker on Wednesday backed a takeover by Tesco, the country's biggest a of

Read more
28 Feb 2018 11:44

UPDATE 2-Tesco and Booker shareholders give blessing to marriage

* 85 pct of Tesco investors back 3.95 bln stg deal * 83 pct of Booker shareholders support deal * Deal set to complete on March 5 * Shares in both companies of

Read more
17 Feb 2017 14:26

BT hit weighs on hedge fund Lansdowne's January returns - letter

* Developed Markets Fund down 2.9 pct in January * Takes 1.3 pct hit from slide in BT's share price * Comcast, Amazon, Facebook all help to offset losses By Maiya Keidan LONDON, Feb 17 (Reuters) - After ending last year down heavily, the value of London-based Lansdowne Par

Read more
1 Feb 2017 16:13

S&P keeps Tesco at BB+, but outlook unchanged at 'stable'

(ShareCast News) - Analysts at Standard&Poor's hailed Tesco's announcement of an imminent cash and shares merger with food wholesaler Booker. Nonetheless, the grocer's high pension deficit and intention to resume paying dividends in the fiscal year ending February 2018 meant its quality as a debtor

Read more
30 Jan 2017 08:47

BUZZ-Tesco/Booker: fall on reports of competition scrutiny

** Tesco and Booker both fall c. 2pct after multiple reports the two companies will face a lengthy competition probe ** The UK's largest supermarket chain and one of the country's leading wholesalers announced a surprise merger on Friday ** Over the weekend Times reports UK's Competit

Read more
27 Jan 2017 17:13

European shares lower as UBS weighs on banks; Tesco surges

* STOXX 600 down 0.3 pct, weighed down by banks * Swiss bank UBS drops after underwhelming results * Tesco rallies on Booker acquisition * Index posts weekly gain on M&A, earnings, Trump boost (Updates prices at close) By Kit Rees and Danilo Masoni MILAN, Jan 27 (R

Read more
27 Jan 2017 17:03

LONDON MARKET CLOSE: US GDP Misses Before May-Trump Press Conference

Read more
27 Jan 2017 16:16

UPDATE 4-Resurgent Tesco surprises with $4.6 bln swoop for wholesaler Booker

* Deal comes after two years of recovery at Tesco * Tesco to restart dividend payments in 2017-18 year * Tesco shares up 10.5 pct, Booker shares up 18 pct (Adds detail, investor comment, updates shares) By James Davey and Sarah Young LONDON, Jan 27 (Reuters) - Britain's

Read more
27 Jan 2017 12:03

LONDON MARKET MIDDAY: Tesco-Booker Steal Show Before May-Trump Meeting

Read more
27 Jan 2017 10:44

European shares lower as UBS weighs on banks; Tesco surges

* STOXX 600 down 0.5 pct, weighed down by banks * But index set for weekly gain on M&A, earnings, Trump boost * Swiss bank UBS drops after underwhelming results * But Tesco rallies on Booker acquisition deal * Solid updates buoy LVMH, Wartsila (ADVISORY- Follow European

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.