 The takeover will create the UK's fourth largest supermarket chain |
The �3bn takeover of Safeway by rival Morrisons has been approved by shareholders from both supermarkets. Shareholders representing 99% of both companies voted in favour of the tie-up, creating the UK's fourth largest supermarket chain.
The new group takes its place behind market leaders Tesco, Wal-Mart's Asda and struggling J Sainsbury.
The only remaining barrier to the deal is two High Court hearings required to legally sanction the merger.
One-Minute World News 
News services
E-mail this to a friend 
Printable version 