Analysis of information sources in references of the Wikipedia article "Somerfield" in English language version.
Amid rumours of possible legal action, there was particularly fierce criticism from creditors of Isoceles, the company which bought Somerfield in a disastrous £2.1bn management buy out in 1989 but which subsequently came close to collapsing under a mountain of debts. Creditors of Isoceles are now expected to receive a pay-out approaching 80% of what they are owed.
The Co-operative Group has confirmed for the first time that is trying to buy the Somerfield chain of food stores in a deal worth at least £1.5 billion.
The Co-operative Group's ambitious £1.7 billion deal to buy the Somerfield chain of 900 food stores is almost complete and will be finalised in the next fortnight