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Iceland Foods Founder Finds Bank for Bid, Sunday Times Reports

Malcolm Walker, founder of Iceland Foods Ltd., gained backing from Deutsche Bank AG for his bid to regain control of the retailer, according to Sunday Times.

Walker, the second-largest shareholder in Iceland, is seeking to thwart rival William Morrison Supermarkets Plc’s plan to take over the company, the newspaper said. It’s not known how much financing the bank may offer Walker, according to the report.

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