UK supermarket group Sainsbury is reportedly not in talks regarding a possible takeover of the company.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Despite the retailer’s shares gaining in value in recent days in the midst of takeover rumours, the company’s management is not in talks with any party regarding a takeover, Reuters reported, citing a source familiar with the situation.
The source said that if the rumour were true, Sainsbury would have to issue a statement to the Stock Exchange because of the recent movement in the company’s share price.
Parties rumoured to be interested in acquiring Sainsbury include retail entrepreneur Philip Green and US retailer Target.
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
