Friday, April 6, 2007

Sainsbury family reportedly rejects bid

(Reuters) - The Times said a private equity consortium of CVC Capital , Texas Pacific and Blackstone had put forward a bid of between 550 pence and 555 pence a share.

"He cannot see any reason why the board would even consider opening the books at less than 600p-share," the Daily Telegraph quoted an unidentified source close to David Sainsbury as saying.


Read more at Reuters.com Business News

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