|Bid||257.10 x 1044400|
|Ask||285.00 x 411400|
|Day's range||278.10 - 283.60|
|52-week range||211.50 - 283.60|
|PE ratio (TTM)||17.07|
|Dividend & yield||0.15 (4.05%)|
|1y target est||267.33|
Sainsbury (Amsterdam: SJ6.AS - news) 's, Britain's second largest supermarket group, is in the early stages of examining a takeover bid for wholesaler Palmer & Harvey (P&H), Sky News reported. P&H, owned by its current and former employees, distributes tobacco, alcohol, chilled and frozen products to about 90,000 retail outlets from a fleet of over 1,300 vehicles. P&H is a major distributor to Tesco (Frankfurt: 852647 - news) , Britain's biggest retailer, which in January agreed a 3.7 billion pound takeover of wholesaler rival Booker - a deal that faces a lengthy competition probe.
J Sainsbury (Other OTC: JSAIY - news) is exploring a takeover bid for Palmer & Harvey (P&H), the UK's biggest tobacco distributor and a key component of the supply chain of the supermarket chain's arch-rival, Tesco (Frankfurt: 852647 - news) . Sky News has learnt that Sainsbury (Amsterdam: SJ6.AS - news) 's is in the early stages of examining a bid for P&H, which was put up for sale several weeks ago. Sources said there was no certainty that Sainsbury's would proceed with an offer, which would come within months of it completing the acquisition of the much larger Home Retail Group, the owner of Argos.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Anthony Grabiner is to step down as ...