Takeover Bid For Struggling Sainsbury&#39;s
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A corporate dealmaker and former Tory Party treasurer is reportedly planning a Â£5bn takeover bid for struggling supermarket chain Sainsbury&#39;s.
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LONDON : US sports tycoon Malcolm Glazer could launch a takeover bid for English football giants Manchester United this week after securing financing and making contact with the club&#39;s largest shareholders, newspapers here reported.
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AILING supermarkets group Sainsbury&#39;s is slashing its dividend, axing 750 head office jobs and pouring 3,000 new staff on to the shop floor in a last-ditch attempt to revive its fortunes.
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Manchester United&#39;s directors barely disguised their gritted teeth yesterday as they issued the statement the outside world has been awaiting for months: Britain&#39;s richest football club has received a possible takeover offer.
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Sebastian Sainsbury warned Leeds United chiefs today they face the stark choice of accepting his Â£25million bid or selling Elland Road.
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Ailing supermarket chain Sainsbury&#39;s is the target of aAÂ£5 billion takeover bid being prepared by an ex-treasurer of the Conservative party, it was reported.
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A report suggests a second private equity consortium is looking at launching a takeover bid for Sainsbury's.
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Australia&#39;s largest retailer, Coles Myer, waded into a takeover battle for the pub operator Australian Leisure and Hospitality Group yesterday, offering 1.18 billion Australian dollars ($856 million) in a bid with a local bank.
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Supermarket group Sainsbury&#39;s is to create 3,000 in-store jobs in a bid to get more stock on the shelves. The plan is expected to form a key part of a strategy by chief executive Justin King to halt the group&#39;s decline.
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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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Supermarket group J Sainsbury said Thursday it would open its books to takeover suitor and Qatari investment fund Delta Two.
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J Sainsbury Plc , Britain&#39;s  third-biggest supermarket group, confirmed it had received a  preliminary bid approach from Qatari investment group Delta  Two.
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The leading shares index ended in positive territory as news of a possible bid for Sainsbury sparked frenzied acquisition hopes in the retail sector.
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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.
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The Nasdaq reveals a Â£2.7bn  hostile takeover bid for the London Stock Exchange.
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Leeds, England - A proposed &amp;pound25m takeover of Leeds United by a British-American consortium collapsed on Friday. The group was headed by Sebastian Sainsbury, the great-grandson of the founder of the British supermarket chain Sainsbury&#39;s.
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Oil-rich 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.