Hedge Fund Drops Sainsbury's

The ScotsmanAugust 25, 2007

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Summary


CONFIDENCE in the private equity bid for Sainsbury's appears to be falling - with a hedge fund cutting its stake.

A top-ten investor confirmed yesterday it had sold a major part of its holding in the supermarket group.

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Extract


Hedge Fund Drops Sainsbury's

This was seen as evidence that the bid, linked to the Qatari royal family, would not be able to secure th...

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