Aug 23 (Reuters) - Shares in Sainsbury's jumped 11%
to a three-year high on Monday after a report over the weekend
said private equity firms could launch bids worth more than 7
billion pounds ($9.6 billion) for Britain's second-largest
supermarket.
Private equity firms, including New York-based Apollo Global
Management, were circling Sainsbury's, the Sunday Times
newspaper reported https://www.thetimes.co.uk/article/bidders-train-guns-on-sainsburys-sh8228nst.
Apollo's interest in Sainsbury's was exploratory and the
private equity firm remained in talks to join the Fortress-led
consortium bidding for Britain's fourth-largest grocer Morrisons
, the report said.
Sainsbury's did not immediately respond to a request for
comment.
($1 = 0.7327 pounds)
(Reporting by Aditi Sebastian and Yadarisa Shabong in
Bengaluru; Editing by Edmund Blair)