DIRECTOR DEALINGS: Ex-Booker Boss Buys Tesco Shares With Takeover Cash
Tesco - the UK's largest supermarket by market share - surprised the market in January 2017 by announcing a GBP3.7 billion cash and stock deal to buy food wholesaler Booker. Wilson acquired 5.1 million shares at 215.5264 pence each on Thursday. Wilson - Booker CEO since 2005 - elected to receive all his proceeds from the Tesco bid in shares under the mix and match facility. For the remaining cash portion, Wilson elected to ask his broker to invest this into Tesco shares as well.