Summary
The private equity bid for supermarket chain J Sainsbury looked on the verge of collapse last night after bidding partners pulled out of the deal in the face of defiance from the food retailer's founding family.
Private equity firm CVC had been hoping that that an improved offer of pounds 10.1 billion might persuade the family to support the bid - but after they rejected the approach two of the partnership team walked away from the table, effectively scuppering any chances of a deal.See the full content of this document
Extract
Digest: Sainsbuiy Deal Stalls
Analysts believe that the family are the sticking point and any potential bidder who wins their supp...
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