Here we go again! Businessmen go selling off the family silver! Have these idiots ever asked themselves what this capitalist economy will be like for the ordinary working man once the Islamic world has bought up all there is worth owning? Don’t they have the nouse to ask one simple question? If they can buy up our businesses, why can’t we buy up theirs? The sort of capitalism these businessmen advocate is a one-sided affair. What we need is a level playing field. They probably haven't got the balls to insist on one. - ©Mark Alexander
THE TELEGRAPH: Delta Two, the investment vehicle controlled by the Qatari royal family, is poised to table a £11bn-plus bid for J Sainsbury.
In a short statement this morning, the supermarket giant said it had received "perliminary approach" and will make a further statement in due course.
Delta Two has expressed confidence in Sainsbury's chief executive Justin King and his strategy[.]
Funding for the offer has been secured in recent days and the final touches are being put to a full team of City advisers, led by investment banks Dresdner Kleinwort and Credit Suisse. Qataris in £11bn bid to buy Sainsbury (more) By Richard Fletcher and Ben Harrington
THE TELEGRAPH:
Qatar's bold ambitions (more) By Ben Bland
THE TELEGRAPH:
Business comment: Sainsbury's will learn petro dollars' buying power (more) By Damian Reece
FINANCIAL TIMES:
Delta Two in £12bn move on Sainsbury By Lina Saigol
Mark Alexander
