Print	Email

Tesco in face-off over Dobbies

Tesco Dobbies Sir Tom Hunter

Related stories

Race for Dobbies hots up as Tesco extends offer 19 Jul 2007 Tesco still on course for Dobbies takeover 21 Jun 2007 Tesco to buy Dobbies Garden Centres 08 Jun 2007

Sir Tom Hunter has upped his stake in garden centre firm Dobbies, putting more pressure on Tesco in its bid to take over the company.

Dobbies Milton Keynes

As reported by Talking Retail yesterday, Sir Tom, who owns rival garden centre chain Wyevale, increased his stake in Dobbies from 20% to 26% fuelling further rumours that he is likely to table a counter bid soon.

However, Tesco tabled a 1,500p a share bid for Dobbies last month and yesterday extended its offer to August 8 having gained acceptance from a fraction of shareholders.

Tesco revealed it had persuaded independent shareholders holding only 1.4% to accept its offer.

 Email this to a friend

HAVE YOUR SAY We encourage users to analyse, comment on and even challenge TalkingRetail articles.   Name Receive email when a new comment is made on this story Email address Comment User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Your email address will not be published on TalkingRetail.com

Want more stories delivered to your inbox? Then sign up here for our weekly newsletter.

Email

Delicious

Stumble Upon

Facebook

Google Bookmark