Undisclosed Acquisition J Sainsbury plc, Wm Morrison Supermarkets plc
J Sainsbury plc has agreed to acquire 14 stores from Wm Morrison Supermarkets plc for an undisclosed sum. The stores have a book value of £110 million and comprise 13 Safeway branded stores and one Morrisons' store and are located mainly in the Midlands and the north of England. The deal is subject to approval by the Office of Fair Trading and will complete in stages over the summer of 2004.
Value: Undisclosed
Announced: May 14 2004
Parties involved |
Legal advisers |
|
J Sainsbury plc (Food & Drug Retailers) Acquirer |
Linklaters LLP
- London
Patrick Plant |
|
Wm Morrison Supermarkets plc (Food & Drug Retailers) Vendor |
Ashurst LLP
- London
Nigel Parr Gordons LLP - Leeds Ian Errington John Holden |
