Shares in Sainsbury’s jump to seven-year high on report of buyer interest By Reuters
(Reuters) -Shares in Sainsbury's jumped as much as 13% to a more than seven-year high on Monday after a report said private equity firms could launch bids worth more than 7 billion pounds ($9.6 billion) for Britain's second-largest supermarket. Private equity firms, including New York-based Apollo Global Management, were circling Sainsbury's, the Sunday Times newspaper reported https://www.thetimes.co.uk/article/bidders-train-guns-on-sainsburys-sh8228nst. The report comes as Morrisons, Britain's fourth-largest grocer, is the subject of the most high-profile deal in Britain. Takeovers of British firms, led by U.S. firms, have hit a 14-year high by value in the first seven months...
Continue reading