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  2. Share Prices
  3. Sainsbury's Share Price
  4. Sainsbury's Share News
  5. PRESS: Lone Star Abandons Plans For Asda Acquisition

Pin to quick picksSainsbury's Share News (SBRY)

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Share Price Information for Sainsbury's (SBRY)

London Stock Exchange
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Share Price: 277.20
Bid: 279.00
Ask: 279.20
Change: -0.20 (-0.07%)
Spread: 0.20 (0.072%)
Open: 275.80
High: 279.80
Low: 274.80
Prev. Close: 277.40
SBRY Live PriceLast checked at -

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PRESS: Lone Star Abandons Plans For Asda Acquisition

Wed, 23rd Sep 2020 07:00

(Alliance News) - Lone Star Funds has dropped out of the race to acquire UK grocer Asda after being unable to match the price sought by owner Walmart Inc, the Telegraph reported on Tuesday.

The US private equity firm was seen as a frontrunner along with asset manager Apollo Global Management Inc after Walmart restarted an auction for a majority stake in Asda following a pause during the lockdown period.

The US retailer was forced to put Asda back on the market after a merger with J Sainsbury PLC was blocked last year by the UK Competition & Markets Authority with the regulator finding the merger would leave customers worse off.

UK-based private equity firm TDR Capital LLP also remains in the running for Asda.

https://www.telegraph.co.uk/business/2020/09/22/lone-star-drops-race-buy-asda/

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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1 Jun 2023 15:52

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 May 2023 13:54

UPDATE: 'No price hikes' in supermarket as Asda buys EG

(Alliance News) - The chair of Asda Stores Ltd has promised that food prices will not go up because of a deal to buy the UK business of its sister company, petrol station company EG Group, for more than GBP2 billion.

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30 May 2023 13:10

UK's Asda to buy EG petrol stations unit in $2.9-bln deal

Supermarket buys petrol station sites from its mutual owners

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28 May 2023 12:25

UK govt to ask supermarkets to cap prices of basic food items - Telegraph

LONDON, May 28 (Reuters) - The British government is looking at plans to have retailers cap the prices of basic food items such as bread and milk, the Telegraph reported, as the cost of such essentials continued to rise in the double digits.

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25 May 2023 18:16

Asda owners to announce 10 bln-pound merger with EG UK -Sky News

LONDON, May 25 (Reuters) - The owners of supermarket Asda and petrol stations company EG Group will announce a 10 billion-pound ($12.6 billion) merger of their operations in Britain as early as Friday, Sky News reported on Thursday.

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23 May 2023 14:24

Citi downgrades Sainsbury's to 'neutral'

(Sharecast News) - Citi downgraded its stance on Sainsbury's on Tuesday to 'neutral' from 'buy' and cut the price target to 295p from 320p following a strong sector-relative performance, with the shares up 29% year-to-date.

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23 May 2023 10:01

Broker tips: Sainsbury's, Premier Foods

(Sharecast News) - Citi downgraded its stance on Sainsbury's on Tuesday to 'neutral' from 'buy' and cut the price target to 295p from 320p following a strong sector-relative performance, with the shares up 29% year-to-date.

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23 May 2023 09:14

UK grocery inflation nudges lower to 17.2%

(Sharecast News) - Food inflation continued to edge lower, industry data showed on Tuesday, although it remains close to record highs.

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23 May 2023 08:31

TOP NEWS: UK grocery inflation eases; sales get Coronation boost

(Alliance News) - UK grocery price inflation eased for the second month in a row, but remained at its third-highest rate since 2008, numbers from Kantar showed on Tuesday.

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23 May 2023 08:00

UK grocery inflation edges lower to 17.2% in May -Kantar

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Second month in a row grocery inflation has seen slight fall 
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22 May 2023 09:23

LONDON BROKER RATINGS: Citigroup cuts Sainsbury to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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15 May 2023 15:01

UK competition watchdog steps up examination of grocery prices

CMA says no evidence pointing to concerns so far

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