Ms Won't Ride to Sainsbury's Rescue

Daily MailJune 20, 2007

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Summary


SAINSBURY'S chances of repelling a controversial takeover by Qatar's Royal family received a hammer blow as it emerged Marks Spencer would not be riding to the rescue as a white knight bidder.

Marks boss Stuart Rose (pictured right) looked at the possibility of doing just that when the grocer was besieged by private equity in March, before ruling out a move. But he always reserved the right to come back if things changed.

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Extract


Ms Won't Ride to Sainsbury's Rescue

Stake building Delta Two, the investment vehicle of the Qataris, falls into that cate...

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