Shareholders of both Morrisons and Safeway have voted overwhelmingly in favour of the proposed takeover of Safeway by its high street competitor.
Morrisons shareholders did so at today’s extraordinary general meeting, and the agreement from both sides was described by executive chairman of Morrisons, Sir Ken Morrison, as the next stage towards a "transforming step for Morrisons”. The merger, he said, would be a defining moment for the company in its objective of expansion across the UK.
“We have very clear and detailed plans for Safeway and I am confident that we will be able to integrate the two businesses swiftly and effectively," he said.
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