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Sir Tom's war with Tesco over Dobbies set to go back to court after setback

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Published Date: 16 May 2008
THE battle between Scotland's richest man and one of the UK's biggest companies could return to court for a second time.
Retail billionaire Sir Tom Hunter lost his feud with Tesco after Edinburgh's Court of Session ruled against his bid to block an open offer of shares at Lothians-based Dobbies Garden Centres, where the supermarket giant is the majority shareholder.

Lord Glennie ruled that the court "should not be used to further the interest of one or other party in a commercial sense", a reference to Sir Tom's ownership of rival garden chain Wyevale, but Ewan Hunter, a spokesman for the philanthropist's investment vehicle West Coast Capital, would not rule out a return to court.

He said: "It is our intention to speak to Tesco in order to seek a fair solution for all 300 shareholders, many of whom have written to us unsolicited in support of our actions."

If Tesco, which currently holds a 65 per cent stake in Dobbies Garden Centres, was to raise its share by 10 per cent, it could take the company private.





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  • Last Updated: 16 May 2008 9:35 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Tom Hunter
 
1

Sedov,

Scotland 16/05/2008 12:24:01
Sir Tom could always ask his pal Alex Salmond to help him.
2

Jenny MacArthur,

16/05/2008 12:29:00
Nah, Alex is too busy bending the rules to let Trump build his housing scheme on a nature reserve. Says it all about the SNP's care for the environment.
3

Jingsitsme,

EDINBURGH 16/05/2008 17:58:30
I'm on Tesco's side as they are supporting local investment and will continue to do so. Better than investing their profits far away. On this occassion it is not all money driven by them as it is beneficial in other ways to be doing things locally.

Tom Hunter is just throwing his toys out the pram as it is another garden centre in competition with his chain which has nothing on Dobbie's
4

Aye Right...,

31/05/2008 12:43:49
#3 I'm with you there... Before Tesco came along Hunter was trying to drive the price down stating Dobbies was overpriced.

He got a good slap in the coupon which he fully deserved...

 

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