- Interesting. Given their "imperial" leanings in the UK, FMI would love their help in fighting FPLA. I might prefer to see the Belgian or French firm.
http://news.yahoo.com/s/nm/20050918/bs_nm/retail_albertsons_tesco_dc
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LONDON (Reuters) - Britain's largest retailer Tesco (TSCO.L) has sent an in-house team to the United States to consider a bid for Albertsons (NYSE:ABS - news), the American grocery chain with 2,500 stores, the Business paper reported.
Earlier this month, Albertsons said it had hired investments bankers to explore its options and would consider putting itself up for sale, with a price tag of $7.6 billion, as it grapples with intense competition from Wal-Mart Stores.
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In addition to the UK group, France's Carrefour (CARR.PA) and Belgian Delhaize (DELBt.BR) as well as Wal-Mart are eyeing up the U.S. chain, although Wal-Mart, the world's largest retailer, would face competition issues bidding for the whole group, the paper said.
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