The worst case scenario for Safeway shares would be a ban on all bids, but the Competition Commission indicated in its remedies letter that an acquisition by Morrisons “could be pro-competitive”. If Morrisons alone was cleared to bid, it would put the kibosh on a trade buyer bidding war but the way would be clear for Philip Green as well as the private equity houses. The only other scenario is Asda and Sainsbury getting the green light as well as Morrisons - Tesco’s sheer size is likely to preclude it.Green: shoppers not deterred by lack of track record in grocery

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