Tuesday, September 13, 2005
Tesco gains as doubts emerge over rumoured bid for Albertson's - market report
13/09/2005
Story: Tesco shares were up on doubts regarding recent rumours that the UK-listed group is considering a bid for Albertson's, a Times market report said. Tesco shares rose 2.5p to 332p, the report noted. Albertson's, the US-listed supermarket chain, bought Shaw's from Sainsbury, the item noted. Albertson's shares fell by USD 0.24 to close at USD 24.62. The US group has a market capitalisation of USD 9.07bn.
Source: The Times
Value: $9,070m (Albertson's market capitalisation)
Story: Tesco shares were up on doubts regarding recent rumours that the UK-listed group is considering a bid for Albertson's, a Times market report said. Tesco shares rose 2.5p to 332p, the report noted. Albertson's, the US-listed supermarket chain, bought Shaw's from Sainsbury, the item noted. Albertson's shares fell by USD 0.24 to close at USD 24.62. The US group has a market capitalisation of USD 9.07bn.
Source: The Times
Value: $9,070m (Albertson's market capitalisation)
