Summary
Fresh speculation that Sainsbury's may face a pounds 5 billion takeover attempt lifted shares in the ailing supermarket chain yesterday.
Attention settled on City financier George Magan following a report that he had approached banks and private equity groups to secure finance for a bid.See the full content of this document
Extract
Sainsbury Suitor Denies Move for Ailing Chain
Mr Magan was quoted as saying he has taken a preliminary look at the company, but it would be an exaggeration to claim he was planning a bid. He could not be reached for com...
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