Shares in British grocer J Sainsbury (SBRY.L) jumped as much as 5.5 percent on Tuesday, with traders citing renewed speculation that top shareholder Qatar Holding might look at a takeover bid.
'Hearing talk of Qataris bidding 450 pence (per share) for Sainsbury,' said one trader.
Sainsbury and Qatar Holding, which owns about 26 percent of Britain's third-biggest supermarket group following a failed takeover attempt in 2007, said they never comment on rumor and speculation.
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