Investors are confident that a deal has been reached between the two parties at a price of slightly more than 160p a share
Sainsbury’s has won its three-month courtship of Home Retail Group, with a £1.3bn takeover of the Argos owner expected to be announced as early as Tuesday, according to leading investors in both groups.
Sainsbury’s had its first approach for Home Retail snubbed in November at a price believed to be around £1bn.
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