UPDATE 1-Leeds says no to purchase offer by Sainsbury
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Leeds United, one of the great names in English soccer, have denied they are negotiating a possible sale of the second division club to British businessman Sebastian Sainsbury.
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Toy and gift maker rejects an unsolicited takeover offer as unworthy of further consideration.
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Business & money: The battle for control of J Sainsbury is expected to reach its denouement this week as crunch talks between Delta Two, the Qatari-backed investment vehicle, and the supermarket continue today.
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The British insurer Prudential said on Sunday that it had rejected an approach from a potential bidder for its online bank Egg.
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A local consortium is in talks with Leeds after Sebastian Sainsbury's Â£25m takeover collapses.
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Players at fallen English giants Leeds United have not been paid for nearly six weeks as a result of the ongoing saga surrounding the club&#39;s ownership, according to the players trade union.
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British soccer club Manchester United won&#39;t endorse Malcolm Glazer&#39;s proposed buyout offer and temporarily suspended talks with the 76-year-old tycoon, the team said Monday.
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FIRST there was development interest from Asda, now a Sainsbury wants to buy Leeds United. Sebastian Sainsbury, great-grandson of the founder of the supermarket chain, yesterday emerged
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Leeds have been warned by a consortium bidding to buy the club that its Â£25m takeover offer is the only realistic way they can keep Elland Road.
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Leeds United has been put up for sale by its administrators KPMG after a legal challenge from the tax office.
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Leeds today confirmed negotiations for the takeover of the American-backed consortium led by Sebastian Sainsbury have ended - and that Elland Road is to be sold under a sale and lease back deal.
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J Sainsbury Plc , Britain's third-biggest supermarket operator, said on Friday it had sold a 5 percent stake in Sainsbury's Bank for 21 million pounds ($41 million) to British banking group HBOS Plc .
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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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Carlsberg denies claims from bid target Scottish & Newcastle that it has breached the terms of their joint venture.
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A consortium claims Leeds can keep Elland Road if its Â£25m takeover bid is accepted.
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Shares in J Sainsbury, the supermarkets group, have been surging all week on renewed bid speculation. Yet I think the company has to be believed when it insists that there have been no approaches, nor would
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The wrangling over Turner &amp; Newall&#39;s pension fund continued at the weekend as the scheme&#39;s trustee formally rejected an offer from the group&#39;s US parent Federal-Mogul to inject Â£65m into the fund.