Sainsbury Property Deal to Block Raiders ; Bosses Answer Activists with Leaseback Plan
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Summary
SUPERMARKET giant Sainsbury plans to raise billions of pounds by selling its property and leasing it back in a move aimed at silencing activist shareholders.
Advisers Morgan Stanley and UBS are frantically drawing up plans to launch a string of property joint ventures along lines pioneered by Tesco.See the full content of this document
Extract
Sainsbury Property Deal to Block Raiders ; Bosses Answer Activists with Leaseback Plan
The idea is to scupper a scheme by five per cent shareholder Robert Tchenguiz to split off the company's property into a r...
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