Sainsbury's to meet Delta Two
Published: 23 July, 2008
UK: Sainsbury's and Delta Two are expected to meet later today as the two parties continue to discuss the Qatari investment fund's 600p a share offer for the retailer.
Sainsbury's chairman Philip Hampton will reportedly ask Delta Two to substantially increase its 10.6billion offer and reduce the amount of debt in the deal. The Sainsbury's family is also understood to oppose the offer.
Meanwhile, the Office of Fair Trading has denied reports that it warned Delta Two that any possible deal for Sainsbury's must not affect the retailer's competitiveness.
Keywords:
Search
© Agile Media Ltd 2024. All rights reserved. Agile Media Ltd. Registered office:
56-58 Church Walk, Burgess Hill, West Sussex, RH15 9AN
Registered in England No. 6646125. VAT No. 938 4452 95
56-58 Church Walk, Burgess Hill, West Sussex, RH15 9AN
Registered in England No. 6646125. VAT No. 938 4452 95
