Home Retail shares dive as Sainsbury's bid appears to stall

Argos owner’s shares fall 10% but Sainsbury’s rise as reports claim takeover talks have failed to reach agreement on company’s valuation

Shares in Argos owner Home Retail Group have dived nearly 10%, making itthe biggest faller in the FTSE 250, after a report that takeover talks with Sainsbury’s had stalled.

Just days before the 2 February deadline for Sainsbury’s to decide on whether to make a bid, the two sides are reportedly struggling to agree a price.

Related: Sainsbury's needs to make the numbers add up for any Argos deal

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from Mergers and acquisitions | The Guardian http://ift.tt/1JLiH4J