Renewed speculation that Sainsbury’s could be the object of a takeover bid has boosted shares in the UK retailer.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The market was flooded with a rumour that a bid of GBP5 per share is being prepared yesterday (28 August), although the source of the potential bid remains unclear.


If such a bid were to go ahead, it would value Sainsbury’s at approximately GBP8.85bn. 


Shares in the company have increased from a close of GBP3.1875 on Wednesday, before the rumour surfaced, to GBP3.53 at time of press.
 
A spokesperson for Sainsbury’s told just-food that the company was unable to comment on “rumour and speculation”.


Last November, Qatari investment fund Delta Two pulled out of a planned GBP10.6bn bid for the grocer, citing worsening credit markets and the difficulty of securing the support of the company’s pension trustees. 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now