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Tesco Gets More Investor Pressure to Sweeten Booker Price

Bloomberg

Tesco Plc faces growing investor pressure to sweeten its 3.9 billion pound ($5.5 billion) offer for wholesaler Booker Group Plc ahead of a shareholder vote in less than two weeks. Alpine Associates Management Inc. opposes Tesco’s offer on the existing terms and believes Booker shareholders should vote against the deal, the investor said Friday by email. Alpine has an economic interest of 2.4 percent in Booker...

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