Talk in market that Sainsburys have accepted a 420p a share bid from the Qatari Fund (can’t find confirmation myself so far). The possibility of positive M&A flows is helping support sterling, cable presently up at 1.6260.
13 Responses to “Talk of positive M&A flow for sterling”
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AUTOREFRESH 
Mornin´ Mr. Gerry…are you shure it is 420p? 320p seems about right, as current share price is 337p…would need to buy some shares if your figure is right… ; )
The shares already spiked to 370 on the rumour.
Oh and g’morningish
The order book currently goes all the way to 400 btw.
Hi saferanger, I’m sure of nothing this morning, not even my own name. that’s the rumour i heard. not seeing confirmation of deal anywhere, not that i’m looking anymore as i’m trying to do my morning wrap.
It is who rocking is USD/CAD… MIG Investments say it is over extended..it is aboutthe oil price I guess (you knw oil is up being an oil exporter to US, Cad is strong…now oil is $1053 from $1058 it explains all…
Were you looking at gold there Ali?
That ain’t the price of black gold right now
Yes, You are quiet right (I was too fast writing it – makes me laugh; thanks for remind) Correction: There was a gold sell so USD is up; but it could be black gold if my sentence’s prophecy fills than it is black gold
rumour now apparently sainsbury’s family have accepted 480p for their shares
Hoho – and now someone’s plonked 2100 shares in the order book @ 499.1
Wasn´t me ; )
And now Sky News reports that Qatar Investment Authority hasn’t bid for Sainsbury.
Here you go – GS have announced a 1.70 target for cable.
Thanks Lilac