By Ben Martin
LONDON, Feb 8 (Reuters) - Activist investor Sandell Asset Management plans to oppose Tesco's 3.7 billion pound ($5.2 billion) takeover of Booker Group unless the wholesaler secures a better offer from Britain's biggest retailer.
The New York based hedge fund said in a statement on Thursday that it holds a 1.75 percent stake in Booker and that it had expressed its concerns about the Tesco takeover to Booker's board.
Booker shareholders will have to approve Tesco's offer at a vote in order for it to proceed. ($1 = 0.7191 pounds)
(Reporting by Ben Martin; editing by Alexander Smith)
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