Private equity companies are circling British supermarket group Sainsbury's.
According to the Sunday Times, firms are considering launching bids of more than $9.5 billion.
The paper reported that U.S. buyout giant Apollo is running the rule over the supermarket group.
It also remains in talks to join the Fortress-led consortium bidding for rival UK supermarket Morrisons.
And any involvement in that deal could reportedly preclude a move for Sainsbury's.
Morrisons said on Thursday (August 19) its board would unanimously recommend U.S. private equity group CD&R's offer worth $9.5 billion.
And drop its previous recommendation for a bid by a consortium led by SoftBank-owned Fortress.
Sainsbury's shares jumped as much as 11 percent in Monday morning trade.