Bid to create grocery giant
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METCASH stunned long-term suitor Foodland (FOA) yesterday with an audacious $846 million takeover bid to create a supermarket heavyweight better able to compete with its bigger rivals.
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Fonterra is aiming for a significant share of the Australian dairy foods market, with a bid for one of Australia&#39;s largest operators.
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A town that hasn't had a grocery store for at least a decade may soon have two. A Super Stop &amp; Shop is set to open today on Plymouth Street in Halifax, and about a year from now, Wal-Mart expects to open a nearby ''supercenter&quot; that would include a full-scale supermarket.
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INDEPENDENT grocery wholesaler Metcash Trading has made a bold bid to become the third force in our supermarket scene behind Woolworths and Coles with a $846 million offer for Foodland yesterday.
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Cinven and Texas Pacific Group (TPG) -- the British and US private equity firms -- are considering a rival consortium bid for supermarket chain J Sainsbury.
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Metcash Trading Ltd., Australia&#39;s biggest grocery wholesaler, offered to buy Foodland Associated Ltd.&#39;s Australian business for A$846 million ($660 million), completing a nationwide distribution
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J Sainsbury Plc , Britain's third-biggest supermarket group, confirmed it had received a preliminary bid approach from Qatari investment group Delta Two.
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Software giant makes bid in an attempt to challenge growing might of Google
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By Matt Garfield, The Herald, Rock Hill, S.C.  Feb. 2--One of York County's most prominent companies is about to get a new competitor.
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METCASH stunned long-term suitor Foodland yesterday with an audacious $846 million takeover bid to create a supermarket group better able to compete with its bigger rivals.
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SYDNEY (Dow Jones)--Australian grocery and liquor wholesaler Metcash Trading Ltd. (MTT.AU) Monday launched aA$846 million takeover bid for the Australian assets of Perth-based Foodland Associated Ltd.
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A Qatari investment fund, the Delta Fund, said it was talking with J Sainsbury, the British supermarket operator, about a takeover, the second bid this year for Sainsbury. Delta, which already holds a 25 percent stake in the grocer, said it was in preliminary talks to buy the rest. Sainsbury confirmed it had received an offer, but neither side disclosed a price. Earlier this year the company fended off a Â£10.1 billion ($20.6 billion) bid from a group of buyout funds.
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A big company needs some big ideas in order to grow bigger.
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The company wants to swallow its largest customer acquisition yet.
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Union unrest may cut into the supermarket chain's growth plans.
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Gulf Arab state Qatar has made a bid approach for J Sainsbury Plc, which newspapers said valued Britain's third-biggest supermarket group at about 12 billion pounds ($24.5 billion), including debt.
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J Sainsbury Plc , Britain&#39;s  third-biggest supermarket group, confirmed it had received a  preliminary bid approach from Qatari investment group Delta  Two.