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Tesco-Booker Merger Receives Strong Shareholder Approval

Published on Feb 28 2018 2:37 PM in Retail tagged: Featured Post / Tesco / UK Retail / Booker / Paywall

Tesco-Booker Merger Receives Strong Shareholder Approval

Tesco's £3.7 billion takeover of wholesale group Booker has been given the green light by shareholders – over one year since the deal was first announced.

The majority of shareholders in Tesco, the UK's largest grocer, voted to back the merger this morning, with 85.22% of shareholders in favour of the move.

Later in the day, Booker's shareholders also voted, with 83% in approval.

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