Green pulls out of Safeway plc bidding

10/30/2003 | Guardian (London), The · Financial Times (free content)

Philip Green paved the way for Wm Morrison to advance in its bid for Britain's fourth-largest grocery chain today when he announced his investment firm has decided to not pursue Safeway plc. Some analysts said Green may have thought that any attempts to sell some of Safeway plc's nearly 500 outlets would not be approved by regulators.

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Guardian (London), The · Financial Times (free content)

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