Sainsbury Punters Queue As Takeover Gossip Swirls ; Market Report
Daily Mail › February 18, 2005
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Summary
FOR the umpteenth time in recent weeks, hungry punters gorged themselves on J Sainsbury.
As reheated rumours of a Pounds 6bn cash offer worth 350p a share did the rounds, shares of Britain's third-largest supermarket with 16pc of the UK grocery market soared to 3041/4p. They closed 8p up at a year's high of 302p.See the full content of this document
Extract
Sainsbury Punters Queue As Takeover Gossip Swirls ; Market Report
Turnover swelled to a well aboveaverage 28m.
Sainsbury has risen from a mid-October low of 242p and 266p in early January on persistent takeover speculation.The Sainsbury family, which owns 38pc, is b...See the full content of this document
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