Tesco’s £3.7B Takeover Of Booker Gets Green Light At Last
by Laura Onita, Evening Standard
Posted: 2017-12-22 15:49:56 EST

Tesco’s £3.7 billion takeover of cash-and-carry firm Booker gained the final all-clear on Wednesday from the competition watchdog, paving the way for a vote on the deal in the New Year. 

The Competition and Markets Authority said it had no concerns about the tie-up following a near-year-long investigation, and despite criticism that the deal could hurt smaller rivals. 

The CMA’s Simon Polito added that the watchdog had “carefully listened” to feedback from retailers and wholesalers, but deems the sector already “highly competitive” and judges the merger won’t disrupt the status quo. 

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