Britain's Tesco buys wholesaler Booker for 3.7 bn pounds
LONDON - Supermarket chain Tesco, Britain's biggest retailer, announced Friday it has agreed to purchase food wholesaler Booker for 3.7 billion pounds ($4.7 billion, 4.4 billion euros).
The blockbuster transaction -- billed as a merger -- will hand Tesco investors a majority stake in the combined company and create Britain's leading food business, the pair said in a statement.
