Almost £1bn added to value of supermarket chain seen as next target after bidding war for Morrisons
Around £1bn was added to the value of Sainsbury’s on Monday after reports that the supermarket chain could be the latest UK company to receive a buyout bid from a private equity firm.
Shares in the UK’s second-largest supermarket jumped just over 15% to 340p, reaching levels not seen since February 2014. Sainsbury’s was the day’s biggest climber on London’s FTSE 100 index.
