The suggestion is that an approach for the company is about to be sparked by the disposal of the Sainsbury family's 35 per cent stake in the company.
Phillip Green was quickly labelled as a front-runner but soon rubbished the claims. Another potential buyer is Kohlberg Kravis Roberts, which had previously shown an interest in Safeway.
The speculation did Sainsbury's' share price no harm as stocks finished the day 7.75p higher at 275.5p.
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