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.

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