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Last Updated: Wednesday, 11 February, 2004, 18:04 GMT
Shareholders back bid for Safeway
Safeway store front
The takeover will create the UK's fourth largest supermarket chain
The £3bn takeover of Safeway by rival Morrisons has been approved by shareholders from both supermarkets.

Shareholders representing 99% of both companies voted in favour of the tie-up, creating the UK's fourth largest supermarket chain.

The new group takes its place behind market leaders Tesco, Wal-Mart's Asda and struggling J Sainsbury.

The only remaining barrier to the deal is two High Court hearings required to legally sanction the merger.




SEE ALSO:
Supermarket price war predicted
12 Jan 04  |  Business
Morrisons in £3bn bid for Safeway
15 Dec 03  |  Business


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