UK supermarket group Sainsbury is reportedly not in talks regarding a possible takeover of the company.

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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.

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