The investor conformed it would formalise the offer by Friday this week, according to newspaper reports.
BFG, owner of the Iceland supermarket group, said last month that it was ready to back a proposed cash offer of 95p a share from Baugur.
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2011-08-12T00:00:00Z
Morrisons appears to have signalled its intention to bid for frozen food retailer Iceland by appointing Credit Suisse as an advisor. Iceland’s majority owners, the officials responsible for the winding up of Icelandic bank Landsbanki, put their 67% stake up for sale in May.
2011-01-28T11:02:23.517Z
Landsbanki, the failed Icelandic lender, is to sell its stake in Iceland. The bank holds a 67% stake in the frozen food chain and is kicking off a sale process, according to reports.
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