NEWS WATCH

TESCO, London, said last week its board is in talks with the board of Associated British Foods to acquire the ABF Irish chains Quinssworth, Crazy Prices and Stewarts in a transaction valued at more than 500 million pounds. Local industry watchers say the deal, if completed, would be the largest such takeover in Irish history and would give Tesco a 26% share of the grocery market in Ireland and a 30%

TESCO, London, said last week its board is in talks with the board of Associated British Foods to acquire the ABF Irish chains Quinssworth, Crazy Prices and Stewarts in a transaction valued at more than 500 million pounds. Local industry watchers say the deal, if completed, would be the largest such takeover in Irish history and would give Tesco a 26% share of the grocery market in Ireland and a 30% share in Northern Ireland.

ican will repurchase 12.2 million shares from the family at

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