Thursday, April 5, 2007

KKR confirms dropped out of Sainsbury bidding

(Reuters) - The Times newspaper's Web site reported Sainsbury, Britain's third largest supermarket group, was reviewing a takeover bid by the remaining trio of private equity firms led by CVC Capital of around 9.5 billion pounds .

Sainsbury had no plans to issue a statement on Thursday, a person familiar with the matter said. Sainsbury's spokeswoman and the private equity consortium declined to comment.


Read more at Reuters.com Business News

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