Wal-Mart makes a move for Safeway plc

12/11/2003 | Wall Street Journal, The

Wal-Mart's British grocery chain, Asda, has made an offer to buy 70 Safeway plc stores, taking the wind out of a potential Safeway plc takeover by William Morrison. Any deal with Asda is likely to face regulatory hurdles; all three grocery chains declined comment.

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