Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Drapers Share monitor - Bid deadline for Sainsbury's suitors

After Marks & Spencer chief executive Stuart Rose backtracked over suggestions that he was interested in a bid for supermarket giant Sainsbury's, other potential suitors were given an ultimatum by The Takeover Panel this week. Private equity firms including CVC, Kohlberg Kravis Roberts and The Blackstone Group now have until April 13 to make a move. Sainsbury's shares rose 21.5p to 539p and M&S's fell 11.5p to 664p.