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Sainsbury gives Delta Two time
- Qatar: Sunday, August 26 - 2007 at 09:17
UK supermarket chain J Sainsbury is to give Qatar's Delta Two investment fund more time to raise the equity factor of its $21.6bn bid for the retailer, reported the Financial Times. Sainsbury has put off approaching Britain's Takeover Panel in order to set a deadline on talks that have been ongoing for five weeks. Sainsbury is uneasy with too much debt being part of the deal in light of recent market volatility.
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Jonathan Sheikh-Miller, Deputy EditorSunday, August 26 - 2007 at 09:17 UAE local time (GMT+4)
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