Asda eyes up potential takeover bid for B&M
Supermarket chain Asda is said to be looking at a £4.4bn bid for discount chain B&M as the battle between the UK’s Big Four supermarkets heats up again.
Senior Asda executives have downplayed the rumours of an acquisition, saying that it was US parent company Walmart that was responsible for mergers and acquisitions, according to the Telegraph.
B&M European Value Retail was founded in Liverpool in 1978 and now has 500 stores, with the backing of the billionaire Arora brothers.
It has been suggested that Asda would ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...