Sainsbury's opens books to suitor
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Sainsbury's opens its books to the Qatar-based investment firm Delta Two which is planning a Â£10.3bn bid.
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Italian airline Alitalia opens its books to suitors but the process has been clouded by worries about its earnings.
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Sainsbury's receives an offer from a Middle East investment fund, valuing  the supermarket at about Â£10.3bn.
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The Financial Services Authority yesterday launched a major investigation into whether J Sainsbury has breached stock market rules on giving price sensitive information to City analysts.
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A Qatari investment fund, the Delta Fund, said it was talking with J Sainsbury, the British supermarket operator, about a takeover, the second bid this year for Sainsbury. Delta, which already holds a 25 percent stake in the grocer, said it was in preliminary talks to buy the rest. Sainsbury confirmed it had received an offer, but neither side disclosed a price. Earlier this year the company fended off a Â£10.1 billion ($20.6 billion) bid from a group of buyout funds.
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The world's leading retailer may be ready to nibble at smaller concepts.
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Sainsbury's and Primark sign up to initiative as PM promises to find 500,000 'extra British jobs'.
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Qatari investment group Delta Two has made a bid approach to J Sainsbury Plc  which values Britain's third-biggest supermarket group at about 12 billion pounds ($24.5 billion), newspapers said on Wednesday.
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The book retailing superstore has new chapters worth telling.
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Supermarket giant Tesco on Friday launched a friendly takeover bid for Dobbies Garden Centres worth 155.6 million pounds.
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A watchdog is set to say supermarkets should open new stores where choice is limited, the BBC learns.
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London equities continued to make gains in opening trade on Friday, after news of take building in J Sainsbury lit up the retail sector.
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Gulf Arab state Qatar has made a bid approach for J Sainsbury Plc, which newspapers said valued Britain's third-biggest supermarket group at about 12 billion pounds ($24.5 billion), including debt.
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J Sainsbury Plc , Britain's third-biggest supermarket group, confirmed it had received a preliminary bid approach from Qatari investment group Delta Two.
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The service allows users to search for specific items to find the best deal and, unlike some similar British sites, it&#39;s free to users and retailers.
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J SAINSBURY&#39;s shares picked themselves up from a near-18 month low today as long-suffering shareholders&#39; appetites were whetted by talk of &#39;dream team&#39; bids for the ailing supermarkets giant.
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The Gulf state of Qatar on Friday tightened its grip on J Sainsbury, Britain&#39;s third biggest supermarket chain, by raising its stake to 25 percent, sparking speculation it may launch a takeover.