Sainsbury's takeover bid collapses

The second attempt to buy British supermarket giant Sainsbury's in six months collapsed today.

Sainsbury's takeover bid collapses
Mon, 05 Nov, 2007 - 09:19

The second attempt to buy British supermarket giant Sainsbury's in six months collapsed today.

Qatari-backed investment vehicle Delta Two - the retailer's largest shareholder - said it was "not in the best interests" of its stakeholders to proceed with its £10.6bn (€15.3bn) proposal.

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