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Last Updated: Monday, 19 December 2005, 14:16 GMT
Suspension for Somerfield shares
Somerfield store
Somerfield's board agreed to a �1.1bn takeover in October
Shares in supermarket group Somerfield have been temporarily suspended on the London market pending an announcement.

The Financial Services Authority (FSA) said it had taken the step at the request of the company.

Somerfield is in the process of being bought by a private equity group led by property tycoon Robert Tchenguiz.

At the end of November, Somerfield said that its shares would be suspended from 19 to 21 December as part of legal moves to push the deal through.

If the court hearing was successful, Somerfield added, its share listing would be cancelled on 21 December.

Somerfield accepted a �1.1bn ($1.9bn) bid from the consortium, also including Apax Partners and investment bank Barclays Capital, in October.




SEE ALSO:
Plan to improve Somerfield stores
16 Oct 05 |  Business
Somerfield backs �1.1bn takeover
14 Oct 05 |  Business
Somerfield suitor remains in hunt
11 Oct 05 |  Business
Somerfield bidders given deadline
16 Sep 05 |  Business
'Walk the talk' urges Somerfield
09 Sep 05 |  Business
Suitor quits Somerfield bid race
28 Jun 05 |  Business


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