Wednesday, 11 April 2007

Sainsbury's bid dead?

At the risk of tempting fate, it looks like the private equity bid for Sainsbury's is dead in the water. After the departure of both TPG and Blackstone, plus the decision of the Sainsbury family members with minority shareholders to hold out for £6 a share, it looks like it could be game over.

Some interesting commentary from the Telegraph and the Mail on this. Not my natural news preferences but their business pages are worth a read (Jeff Randall aside...).

More broadly the Telegraph also has a piece on the IMF's warnings about the potential for a collapse in the private equity industry. I'll try and find the original report.

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