Financial Times FT.com

Hunter aims to derail Tesco’s Dobbies deal

By Neil Hume and Tom Braithwaite

Published: June 13 2007 20:00 | Last updated: June 14 2007 09:30

Sir Tom Hunter has set out to scupper Tesco’s agreed £228m takeover of Dobbies Garden Centres by doubling his consortium’s stake in the nursery chain.

The Scottish entrepreneur sparked a bidding war with the country’s biggest supermarket chain by acquiring a further 10 per cent of Dobbies at £17.50 a share, a 16.7 per cent premium to Tesco’s bid made last Friday. The purchase, which occurred after the market closed on Wednesday, takes the consortium’s stake led by Sir Tom to 20.6 per cent.

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