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Pin to quick picksSainsbury's Share News (SBRY)

Share Price Information for Sainsbury's (SBRY)

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Share Price: 262.40
Bid: 263.40
Ask: 263.60
Change: -2.60 (-0.98%)
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Open: 264.20
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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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27 Apr 2023 09:05

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27 Apr 2023 07:16

Sainsburys lifts guidance despite fall in annual earnings

(Sharecast News) - UK supermarket chain Sainsbury's on Thursday lifted guidance for the current fiscal year after posting a fall in 2022/23 profits as it spent £560m to keep prices low in the battle for consumers amid the cost of living crisis.

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26 Apr 2023 16:37

Thursday preview: US Q1 GDP, Sainsbury in the spotlight

(Sharecast News) - All eyes on Thursday would be on a first estimate for US economic growth at the start of 2023.

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25 Apr 2023 10:19

UK grocery inflation eases but remains at record level

(Sharecast News) - Grocery inflation eased marginally in April, industry data showed on Tuesday, but remained close to record highs.

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25 Apr 2023 09:30

TOP NEWS: UK grocery price inflation cools but remains double-digits

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25 Apr 2023 08:00

UK grocery inflation eases slightly to 17.3% in April -Kantar

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24 Apr 2023 08:27

Supermarket Income buys Tesco store in Worcester for GBP38 million

(Alliance News) - Supermarket Income REIT PLC on Monday said it has bought a Tesco PLC omni-channel supermarket in Worcester, England for GBP38.3 million.

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21 Apr 2023 09:12

LONDON BROKER RATINGS: Deutsche Bank cuts Severn Trent to 'hold'

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

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20 Apr 2023 15:41

UK earnings, trading statements calendar - next 7 days

Friday 21 April 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Apr 2023 14:04

EXECUTIVE CHANGES: Wynnstay adds former Waitrose and M&S exec to board

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17 Apr 2023 07:05

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

*

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14 Apr 2023 23:00

Investors to urge UK firms to protect low-paid workers

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13 Apr 2023 11:19

Profits at Britain's Tesco to stall as inflation fight lingers

2022/23 retail adjusted operating profit down 6.3%

*

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13 Apr 2023 08:36

Tesco expects volumes to recover this year as inflation abates

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