Thai tycoons in fray as Tesco sets bid deadline for $9 billion Asia business - sources [Reuters]
TESCO PLC S/ADR (TSCDY)
NASDAQ:AMEX Investor Relations:
tescoplc.com/investors
Company Research
Source: Reuters
Thai tycoons in fray as Tesco sets bid deadline for $9 billion Asia business - sources SINGAPORE (Reuters) - British retailer Tesco has asked bidders to submit binding offers for its Asian business by Friday, in a deal that will see Thai billionaires fight for an asset valued at up to $9 billion, sources with direct knowledge of the matter said. The bidding is shaping up as a battle between Dhanin Chearavanont’s Charoen Pokphand (CP) Group, Central Group, controlled by the Chirathivat family, and beer-and-property magnate Charoen Sirivadhanabhakdi’s TCC Group, they said. Tesco’s Asian operations comprise some 2,000 supermarket outlets and convenience stores in Thailand, where it is one of the biggest retail players, and 74 stores in Malaysia. “This is a very competitive process pursued by serious bidders. Looking at the deal size and financing perspective, most large banks are involved,” said one banking source who did not want be identified as the information is confidential. Antitru
Show less
Read more
Impact Snapshot
Event Time:
TSCDY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TSCDY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSCDY alerts
High impacting TESCO PLC S/ADR news events
Weekly update
A roundup of the hottest topics
TSCDY
News
- Aldi And Lidl Just Can’t Stop Expanding Amid Cost Of Living Squeeze [Forbes]Forbes
- Price of Christmas dinner jumps to outstrip food inflation [Yahoo! Finance]Yahoo! Finance
- Mince pie prices jump by 40pc in Christmas shopping blow [Yahoo! Finance]Yahoo! Finance
- Shameless supermarkets are ripping off retirees – and getting away with it [Yahoo! Finance]Yahoo! Finance
- UK Meat Wholesaling Market Research Report (2014-2029): Challenging Conditions and Lower Meat Consumption Weigh on Market Growth [Yahoo! Finance]Yahoo! Finance