Sainsbury's bidder gets takeover deadline

The Qatari-backed fund circling UK supermarket chain Sainsbury’s was today given less than two weeks to formalise its £10.6bn (€15.1bn) takeover interest.

Sainsbury's bidder gets takeover deadline
Fri, 26 Oct, 2007 - 09:29

The Qatari-backed fund circling UK supermarket chain Sainsbury’s was today given less than two weeks to formalise its £10.6bn (€15.1bn) takeover interest.

The Takeover Panel said it had set a deadline of 5pm on November 8 – a week on Thursday – for Delta Two to announce a firm offer or walk away.

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