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Reuters reports this morning that Britain's William Morrison Supermarkets will raise its offer for Safeway Plc, a move that is expected to trigger new and improved offers from the other competitors in the bidding frenzy – Tesco, Sainsbury, Wal-Mart and retailing magnate Philip Green.

However, no matter what the bids for Safeway end up being, many analysts believe that all the offers will be referred to the Competition Commission, which will delay the process for several months.

There is, however, one level of opinion that Morrison and Green will not be subject to regulatory examination, which could throw the bidding war into high gear.
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