Tesco merger with Booker wins support of shareholders; combined business to start next week

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Tesco’s £3.7bn merger with wholesaler Booker has won approval from shareholders. Following support from the supermarket group’s investors, Tesco confirmed in a statement that Booker’s shareholders had now also backed the deal. The combined business is expected to start operating on 5 March 2018. Dave Lewis, group chief executive at Tesco, said: “I’m delighted that the shareholders of both companies have supported the merger. “This merger is about growth, bringing together our complementary retail and wholesale skills to create the […]