Summary
SOMERFIELD today stressed there was no guarantee that a Pounds 1.1 billion takeover offer would be made for the group as it emerged the bidding consortium had collapsed into disarray.
Fraud charges filed against executives at Baugur - including chief executive Jon Asgeir Johannesson - part of the Apaxled bid team, have seen at least one member of the group threaten to pull out.See the full content of this document
Extract
Somerfield Bid Team Slides Into Disarray
Apax and bid partners Robert Tchenguiz and Barclays Capital ...
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