Hunter and Tesco raise stakes in fight over Dobbies
Sir Tom Hunter has increased his stake in Dobbies Garden Centres, prompting Tesco to drop the acceptance level it requires for its offer for the company.
Entrepreneur Sir Tom Hunter yesterday declared he had pushed his stake in Dobbies Garden Centres beyond 25%, and supermarket giant Tesco promptly dropped the acceptance level it requires for its offer for the Midlothian-based company from 75% to 50%.
