Shares of U.K. supermarket chain J Sainsbury jumped 9% on Monday, amid reports it will be next in line for a private-equity bid after Wm Morrison Supermarkets.
American buyout giant Apollo is said to be considering a bid for Britain’s second-largest supermarket chain
according to the Sunday Times, a report that neither the supermarket chain nor Apollo commented upon.
Sainsbury shares are now up 43% this year.
Last week, Clayton, Dubilier & Rice agreed a £7 billion offer for Morrisons
while a consortium led by Fortress Investment Group said it was weighing whether to make a counteroffer. The Sunday Times said Apollo was still considering joining the Fortress consortium to bid for Morrisons.