Tesco: Tempting a Takeover?

The plunge in Tesco's enterprise value might make it a takeover target.

In more ways than one, it seems.

Photographer: Simon Dawson/Bloomberg

Tesco Plc has lost half its market value in the past year. The stock declined almost 8 percent today, erasing a November rally, after the grocer halved its full-year earnings forecast. At some point, Tesco might just become cheap enough to become a takeover target.

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