TESCO OUTBIDS SAINSBURY FOR SCOTLAND'S LOW CHAIN

LONDON (FNS) -- Tesco stands to double its market share in Scotland after knocking rival J. Sainsbury here out of the contest to acquire the Scottish supermarket chain William Low & Co.Tesco, based in Hertfordshire, increased its offer for the 57-store Low chain last week to about $381 million (247.4 million pounds at the exchange rate of $1.54 per pound).Sainsbury said it considered its July 28 offer

LONDON (FNS) -- Tesco stands to double its market share in Scotland after knocking rival J. Sainsbury here out of the contest to acquire the Scottish supermarket chain William Low & Co.

Tesco, based in Hertfordshire, increased its offer for the 57-store Low chain last week to about $381 million (247.4 million pounds at the exchange rate of $1.54 per pound).

Sainsbury said it considered its July 28 offer of about $325 million for Low as "full and fair" and decided not to co

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