Sainsburys On the Verge of Agreeing Takeover Bid ; in Association with Rbs

The JournalOctober 08, 2007

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Summary


SUPERMARKET giant Sainsbury's is said to be on the verge of recommending a revised takeover offer from Qatari investment group Delta Two.

The investment group is believed to have won the backing of Sainsbury's pension fund after holding formal talks with its trustees.

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Extract


Sainsburys On the Verge of Agreeing Takeover Bid ; in Association with Rbs

The pension fund had opposed the pounds 10....

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