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OFT clears Tesco's proposed takeover of Dobbies

Published: 3 August 2007
The Office of Fair Trading has today cleared Tesco's proposed takeover of Dobbies Garden Centres.
A spokesman speaking to news wire Thomson Financial said the Hunter camp is 'continuing to consider all our options.'

Last month Tesco extended the deadline for its cash offer to Dobbies Garden Centres shareholders.

The initial deadline for an offer of £15 a share expired on July 18, but the supermarket giant said that it has been extended and would remain open for acceptance until August 8.

Tesco's bid to shareholders values the Edinburgh-based company at £156m.

In June it reduced the acceptance level to 50% of shares after rival for Dobbies, Sir Tom Hunter's West Coast Capital Group, gained 25.57% of the company's holding.

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