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Supermarket swoop

12 April 2005

By pooling its consortium with Baugur, the UK bank has removed one bidder for the supermarket and probably got the price down. This looks nifty. But Barclays s team must hope the ghost of the last Somerfield buyout when it was called Isosceles won’t haunt them. This looks nifty. But Barclays s team must hope the ghost of the last Somerfield buyout by a vehicle called Isosceles won’t haunt them.

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