Tesco agrees to buy Dobbies for 155.6 mln pounds

Jun 08, 2007, 01.10 PM IST

LONDON: Britain's largest retailer Tesco Plc said on Friday it had made an agreed 155.6 million pounds ($310 million) cash offer for Dobbies Garden Centres Plc.

Tesco said the 1,500 pence per share offer represented a premium of approximately 28 percent to the average closing price of Dobbies shares over the one month period to May 29.

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