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Sainsbury’s Shares Soar

B
Benzinga

3 Views • Sep 01, 2021

Description

Shares of Sainsbury’s jumped 14% on Monday after reports that private equity firms are bidding almost 7 billion pounds to purchase the chain of supermarkets. Groups such as Apollo Global Management ($APO@US) out of New York are researching possible takeover opportunities, but Sainsbury’s has declined to comment on the situation.

Keywords & Tags

#finance #business #Retail #Sainsbury #Sainsbury’s Shares Rise #chain of supermarkets #Apollo Global Management #takeover opportunities #Private Equity Interest #supermarkets

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