Saturday, April 7, 2007

Firms poised to end Sainsbury takeover bid -source

(Reuters) - "It's all but dead," said the source, who requested anonymity because of the confidential nature of the negotiations.

The private equity group led by CVC Capital Partners [CVC.UL], which lost one of its four members on Thursday, first revealed it was mulling a takeover bid in February after shares in Sainsbury -- Britain's third largest supermarket chain -- began rising on market speculation there was an offer in the works.


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