Credit Crunch Puts Sainsbury Deal Under Pressure: Report

Turmoil in the global credit markets has sparked retailer J. Sainsbury here to request a higher buyout offer from a private equity firm, published reports said Monday.

LONDON — Turmoil in the global credit markets has sparked retailer J. Sainsbury here to request a higher buyout offer from a private equity firm, published reports said Monday. Sainsbury last month acknowledged it had received a $14.4 billion buyout offer from Qatar-based Delta Two, including around $8.1 billion in debt. According to a report in the Financial Times newspaper Monday, the retailer’s board has asked Delta Two to reduce the amount of the offer funded by debt.

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