LONDON (FNS) -- Tesco here has moved to acquire the Scottish food retailer William Low & Co., the fifth-largest chain in Scotland, for about $310 million.
Tesco said the deal, if it goes through, would give it a significantly higher profile in Scotland, without adding retail space to existing capacity in that market. Low operates 45 stores in Scotland and 12 in northern England.
A bidding battle for Low is possible, however, as J. Sainsbury, London, requested from Low financial ...
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