Sainsbury´s: one more step nearer to takeover

London / UK. (js) Further to the announcement made in September, Delta (Two) Limited has informed J. Sainsbury PLC that it is seeking increased funding of approximately 500 million GBP of additional equity in respect of the proposed acquisition of Sainsbury´s at an offer price of six GBP per share in cash. Delta Two has entered into discussions with the Qatar Investment Authority to secure such funding. There can be no certainty that such funding will be forthcoming and, therefore, no certainty that an offer will be made (press release).