Somerfield’s board has already recommended shareholders to accept the offer of 197p a share from the consortium - including Apax Partners, Barclays Capital and Robert Tchenguiz and Kaupthing Bank - valuing Somerfield at approximately £1.082bn.
Speaking at the announcement of the deal last month, John von Spreckelsen, chairman of Somerfield said: “We believe that the proposals represent fair value for the business and its prospects, and after careful consideration, the independent directors are unanimous in recommending to shareholders that they vote in favour of the proposals.”
The shareholders are expected to make their vote at an extraordinary general meeting later today.
For the deal to go ahead, 75% of shareholders must vote in favour of the takeover.
The deal was approved last week by the European Commission.