Costcutter Rebuffed

Daily MailAugust 04, 2009

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Summary


THE owner of convenience chain Costcutter went on the offensive yesterday after its bid for rival NisaToday's was rebuffed.

Privately-owned Bibby Line Group, which owns 51pc of Costcutter, wanted to merge the two chains but its target rejected the offer and told members that the deal would have been a 'significant undervaluation' of the business.

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Costcutter Rebuffed

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