The UK's biggest supermarket group, Tesco, has agreed to buy the UK’s biggest food wholesaler, Booker Group, in a £3.7bn deal.
The firms said the deal would create the "UK's leading food business".
Booker Group is the UK's largest cash and carry operator, and supplies everything from baked beans to teabags to 700,000 convenience stores, grocers, pubs and restaurants.
Booker also owns the Premier, Budgens and Londis convenience-store brands.
By combining with Booker Group, Tesco is expanding beyond its traditional food retailing business and making strides into the restaurant and takeaway...Read more...