Reuters reports that Somerfield, the UK food retailer, may be the subject of yet another buyout approach, as a former member of the company's board of directors has been talking to venture capitalists about making a bid for the company.
This would be the second move on Somerfield in a matter of months. The company rebuffed an earlier approach by a different suitor saying it wanted to remain independent.
This would be the second move on Somerfield in a matter of months. The company rebuffed an earlier approach by a different suitor saying it wanted to remain independent.
- KC's View:
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We wonder if one of the reasons that Somerfield suddenly looks so attractive is that whoever buys it may want to sell it once the Safeway Plc acquisition frenzy dies down. Perhaps there will be a company that does not get Safeway that would be interesting in paying a pretty penny for Somerfield…
Just thinking out loud here…
