In Surprise Move, Yenot Bitan Submits Top Bid for Israel’s Mega Supermarket Chain

Discount grocer would become No.-2 food retailer, but it faces improved offers from rivals and antitrust scrutiny.

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Yeinot Bitan emerged on Tuesday as the surprise winner in bidding to buy control of the bankrupt Mega supermarket chain, although some of the other bidders vowed to return with better offers before the court...