MORRISON BIDS $5.3B FOR SAFEWAY

LONDON -- Wm Morrison supermarkets has provisionally put an end to the question mark hanging over the future of Safeway U.K., as Morrisons announced an agreement with the board of Safeway on a $5.3 billion offer for the supermarket chain.This new offer sees an increase on the $4.8 billion bid last January, which has now lapsed.Morrisons will bring its value format and prices to the larger Safeway

LONDON -- Wm Morrison supermarkets has provisionally put an end to the question mark hanging over the future of Safeway U.K., as Morrisons announced an agreement with the board of Safeway on a $5.3 billion offer for the supermarket chain.

This new offer sees an increase on the $4.8 billion bid last January, which has now lapsed.

Morrisons will bring its value format and prices to the larger Safeway stores, defined by the company as those over 25,000 square feet. Smaller stor

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