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Stock Market & Financial Investment News

News Breaks
April 4, 2014
11:20 EDTTSCDYTesco CFO Mcilwee steps down, WSJ says
Tesco CFO Laurie Mcilwee has decided to step down as the company continues to look for results from a long-running turnaround plan, according to The Wall Street Journal, citing comments from Mcilwee. Reference Link
News For TSCDY From The Last 14 Days
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August 27, 2015
19:38 EDTTSCDYFormer Tesco CEO to be questioned by U.K. prosecutors, Bloomberg says
Former Tesco CEO Philip Clarke has been notified to come in for "interviews under caution" with the U.K. Serious Fraud Office related to an earlier accounting scandal, Bloomberg reported earlier, citing people with knowledge of the matter. Former commercial director Kevin Grace has also been asked to come in for questioning, said the sources. Reference Link
06:35 EDTTSCDYTemasek partners with MBK for Tesco unit bid, Reuters reports
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August 25, 2015
06:16 EDTTSCDYKKR, Carlyle bid for Tesco's South Korean unit, Reuters reports
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August 21, 2015
07:36 EDTTSCDYKKR, Affinity teaming up to bid for Tesco's South Korean unit, Reuters reports
KKR (KKR) is teaming up with Affinity Equity Partners to bid for Tesco's (TSCDY) South Korean unit, Reuters reports, citing sources. Another bidder, Carlyle (CG), is teaming up with Singapore's GIC, the sources say. The Tesco unit is valued at about $6B. Reference Link

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