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J Sainsbury plc (JSNSF)

Other OTC - Other OTC Delayed price. Currency in USD
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4.05500.0000 (0.00%)
At close: 10:17AM EDT
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    LONDON (Reuters) -Shares in British supermarket group Sainsbury's rose as much as 3.7% on Monday on hopes SoftBank's Fortress Investment, which lost out in the auction for Morrisons, may turn its attention to an even bigger player in UK grocery. Sainsbury's stock was up 4.2 pence at 288.9 pence at 0858 GMT, valuing the business at 6.7 billion pounds ($9.1 billion). Fortress was defeated in Saturday's shootout for Morrisons, Britain's No. 4 supermarket group, bidding 286 pence a share - a penny less than rival Clayton, Dubilier & Rice.