| UK retailer Sainsbury gets bid from Qatari group |
| BS Reporter / Mumbai July 18, 2007 |
| J Sainsbury Plc, Britain's third-biggest supermarket group, confirmed it had received a preliminary bid approach from Qatari investment group Delta Two. The company said in a statement today it would make a further announcement, as appropriate, in due course. According to a report by Financial Times, Delta Two has made a 610p a share offer for Sainsbury just three months after the UK retailer rejected a high-profile offer from the private equity group CVC Capital Partners. "Paul Taylor, chief executive of Delta Two, is understood to have flown members of the Sainsbury family to Sardinia at the end of last week where he pitched the 610p offer valuing the group at about |
