Tesco 'Getting The Better Deal' From Booker Transaction: Analysis
Just when you thought you heard the popping of champagne corks at Tesco headquarters, a leading shareholder advisory firm has questioned whether both parties are getting a fair crack of the whip.
Institutional Shareholder Services (ISS) has recommended that Booker shareholders vote against the company's planned merger with Tesco, claiming that said shareholders will see 'limited potential benefit' from the synergies emerging from the deal.
It is anticipated that the deal will be completed on 5 March, with Booker shares expected to cease trading on 2 March.
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