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Sainsbury, Delta set to meet
- Qatar: Monday, August 06 - 2007 at 16:17
A third meeting is to be held this Wednesday between the J Sainsbury retail chain and the Qatar backed Delta Two investment fund to discuss the latter's $21.6bn preliminary acquisition proposal, reported the Dow Jones newswires. Pressure is growing on Sainsbury to either accept or reject Delta's approach which was first revealed on July 18. If the UK retailer accepts the offer, Delta will then undertake due diligence.
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Jonathan Sheikh-Miller, Deputy EditorMonday, August 06 - 2007 at 16:17 UAE local time (GMT+4)
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This article was updated on Sat Aug 18 2007.
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