Mon, 23 Aug 2021 08:40:59 GMT
Sainsbury's stock jumps
At the start of Monday's London trading hours, the stock price of Sainsbury's jumped by 12.44% or 36.47 GBP. The surge was caused by reports of equity firms launching bids for the company.
The Sunday Times reported during the weekend that various private equity firms, including Apollo Global Management, would make a bid for Sainsbury. Bids of more than 7