Wm Morrison Supermarkets’ all-share offer for Safeway received acceptances less than 1% of its target’s capital by the first close yesterday.
The Office of Fair Trading’s merger panel meeting to discuss the separate bids for the group has been put back from 26 February to 6 March.
References: Financial Times 22/02/03 page 14, Daily Telegraph 22/02/03 page 29, The Times 22/02/03 Business page 56, The Independent 22/02/03 page 27
