A new bid for Somerfield could be mounted by Gareth Jones, the former head of Abbey National’s wholesale banking division.
The Times said Jones - a non-executive director of Somerfield until last August - is in discussions with two private equity groups about a takeover bid.
Last month, Somerfield rejected a 120p-a-share bid from the entrepreneurs John Lovering and Bob Mackenzie.
The Times said Jones - a non-executive director of Somerfield until last August - is in discussions with two private equity groups about a takeover bid.
Last month, Somerfield rejected a 120p-a-share bid from the entrepreneurs John Lovering and Bob Mackenzie.
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