Let’s go again. Another day in the takeover fever. The rumors of the recent sharp surge in Sainsbury’s share price have legs. Apollo, the US private equity firm, is to generate the numbers for a possible offer for our second largest supermarket chain.
Apollo isn’t the only likely suitor. It has also been discussed that the loser of the two US private equity firms – CDR or Fortress – targeting Morrisons could turn to Sainsbury’s instead.