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JS comment on Delta Two approach anticipated

The Sainsbury family could be set to comment on the bid approach from Delta Two, according to rumours.

It is thought the family will not back a highly-leveraged takeover and that they are furious the Qatari-backed investment group has not provided further details of its £10.4bn bid.

It is also thought the family are displeased about the predator’s plans to sell off the supermarket group’s property portfolio.

 

24/07/07 Financial Times 40  Times 32  Daily Telegraph B11

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