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"UK supermarket group Somerfield is reportedly planning to reassess the value of its 1,300-store estate in its forthcoming full-year result.   According to a report in the Daily Telegraph the move is an attempt to justify its rejection of a takeover bid approach from retail entrepreneurs John Lovering and Bob Mackenzie. Somerfield rejected the 120p (US$1.98) per share offer last week on the grounds that it substantially undervalued the company."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.just-food.com/news/somerfield-to-revalue-store-estate-report_id74832.aspx>