A Private Point of Principle

Daily MailApril 07, 2007

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Summary


THE Sainsbury family is not alone in its staunch opposition to a private equity takeover bid.

Several big swinging City shareholders have told the supermarket chain that they have taken a fundamental dislike to the idea of selling out now.

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Extract


A Private Point of Principle

This is about much more than price. The private equity industry, used to coming under fire from the unions, is now facing unprecedented criticism in the Square Mile.

In the past, institutions loved the charade of playin...

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