Sainsbury's eyes Nisa takeover

United Kingdom retailer Sainsbury is said to be close to submitting a formal bid to acquire Nisa, a wholesaler and convenience store group that counts more than 2,500 independently-owned stores around the United Kingdom as members.

What does the Tesco-Booker merger mean for convenience stores?

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Doubt, however, has been cast on that explanation because of cryptic testimony from former FBI Director James Comey last week. Collins' question wasn't the only time the Mueller investigation came up during Rosenstein's hearing on Capitol Hill.

Sainsbury's share price has gained ground in London this morning, having surged 1.63 percent to 256.40p as of 09:14 BST, outperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.71 percent higher at 7,516.71 points.

Nisa, which is owned by its shopkeeper members, has entered exclusive talks with Britain's second-largest grocer after selecting its offer over rival proposals, including one from the Co-operative Group.

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Some Grenfell residents had warned months ago that fire safety issues at the tower left it at risk of a "catastrophic" event. Besides the public inquiry, May has announced a fund of 5 million pounds ($6.4 million) to help those affected by the blaze.

Insiders told the newspaper that the mutual's board had decided to make Sainsbury's the preferred bidder at the end of last week, even though Co-op had matched and then offered to beat its rival "significantly".

A possible Sainsbury's/Nisa tie-up is being seen as a response to Tesco's intended take-over of Booker, the wholesaler which also has a 5,000 strong network of stores under the Premier, Londis, Budgens and Family Shopper brands.

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However, the church opened a 140-acre compound near the town of Pringle, South Dakota, more than a decade ago. Barnhart said the agency is working to determine if the unidentified tipster will get a reward .

Sainsbury's plans for a takeover comes less than a year after its £1.4 billion acquisition of Argos parent company Home Retail Group was finalised.

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