UNCOOKED ALERT: J Sainsbury said to ... - Part 3
Sainsbury's shares closed up around 15pc at 340p following the The Sunday Times "scoop" about Apollo going for the supermarket instead of Morrisons.
The thing is: there has been no confirmation from Apollo that it is consdering an offer.
Betaville assumes that for the moment Apollo's interest is simply not that serious, so doesn't warrant the typical confirmation required under Takeover Panel rules.
Perhaps, then, hacks should be looking elswhere for real J Sainsbury bidder...?..
Date: Monday, 23 August 2021, 10:05 pm