Good deal for Tesco shareholders27 Jan 2017 22:48
Wow, didn't see this on the horizon, but with the share price holding up so well this month the indications were there... IMO the deal is a cracking one for Tesco which will now be able to cover all avenues of the shopping experience, but I can't help but think that Tesco have managed to push a deal through or are in the process of pushing this deal through on the cheap, therefore leaving the back door open for a counter offer by another... Time will tell.
It seems strange that after all the work Charles has done through streamlining, acquisitions and good management and £100 million in the bank, that he picks now as the right time to sell out??