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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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