(Reuters) Activist investor Sandell Asset Management plans to oppose Tesco’s 3.7 billion pound ($5.2 billion) takeover of Booker Group unless the wholesaler secures a better offer from Britain’s biggest retailer. The New York based hedge fund said in a statement on Thursday that it holds a 1.75 percent stake in Booker and that it had expressed its concerns about the Tesco takeover to Booker’s board.
Activist Sandell Calls On Booker To Secure Better Tesco Bid Terms
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