CVC abandons Sainsbury buyout bid

By A staff reporter 2007-04-11T00:00:00

Private equity group CVC Capital Partners has abandoned its £10 bn (EUR 14.7 bn) offer for UK retail chain Sainsbury. CVC was forced to throw in the towel after the family that founded Sainsbury stuck to its demand for 600 pence per share, rather than the 582 pence offer put ...

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