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land securities

November 15, 2007

Delta Two has informed Sainsbury's that it will not proceed with an offer for the share capital in the UK supermarket giant

Delta Two has informed Sainsbury's that it will not proceed with an offer for the share capital in the UK supermarket giant. It had originally been proposing a €14.8 billion takeover of the firm.

Commenting on the news, Sainsbury's said that "the company continues to have great potential under the leadership of its strong management team" and that it was committed to completing the Making Sainsbury's Great Again recovery plan to improve its sales.

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