Schroder Ventures to buy Homebase from J Sainsbury in complex deal

Article Abstract:

Schroeder Ventures has reached an agreement to acquire J Sainsbury PLC's Homebase home-improvement store chain. Schroeder is acquiring the chain for 969 million pounds (1.55 billion euros).

Hardware Stores, HomeBase Inc., Schroeder Ventures

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Delhaize raises its bid to buy out U.S. division

Article Abstract:

Delhaize "Le Lion" SA has increased its offer to acquire the majority share of Delhaize America Inc. it does not already own. Delahaize is offering to acquire the 55% of Delhaize America for $1.9 billion (2.21 billion euros).

Belgium, Supermarket Chains, Etablissements Delhaize Freres et Compagnie "Le Lion" S.A., Delhaize America Inc.

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Sainsbury agrees to buy Star Markets in the U.S

Article Abstract:

J. Sainsbury PLC, the second largest retailer in the United Kingdom, will acquire Star Markets of the United States for $221 million and the assumption of $269 million in debt. Dino Adriano, Sainsbury's group chief executive, is confident that the merger will be successful. Some analysts, however, doubt that Sainsbury will be able to compete in the U.S. market even though it will be the second largest supermarket chain in New England with 20% of the market share.

Grocery industry, Grocery stores, Abstract, Star Markets Company Inc.

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