Takeover in doubt after Schroders and Artisan Partners, which between them own 9%, ask chair of retailer to pull out
Tesco’s £3.7bn takeover of Booker, the grocery wholesaler, is in doubt after two major shareholders in the supermarket group expressed their opposition to the deal.
Schroders and Artisan Partners, which between them own 9% of Tesco, have written separately to the chair of the retailer, John Allan, to ask him to pull out of the deal.
Related: Tesco and Serious Fraud Office within days of deal over accounting
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