04/07/2001
Asda has confirmed that it has received an approach from a joint venture between the Davidson family (including the company's own chairman E.W. Davidson) and FTSE 100 property juggernaut British Land that could lead to a cash offer. Asda's share price, which had already given shareholders about a 30% return since August 2000, had been boosted further by rumours about a possible deal.
| Market cap: | £202.1m |
| PE Forecast: | 21.9 |
| Share price: | 267.5p |
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