Thursday, April 10, 2008

SBRY

"J Sainsbury announced some changes to its operating board. However, dealers said the rise in the supermarket's share price was not down to appointments but to hopes of further stakebuilding in the company. They speculated that Qatari-backed investment fund Delta Two could lift its 25pc holding in the group. Last November, Delta abandoned a 600p-a-share indicative bid for the retailer, valuing it at £10.6bn. It will be free to approach the supermarket again next month."

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/10/cxmktrep110.xml