Owner of Argos ends four months of speculation and says it will advise shareholders to support supermarket giant’s bid
Home Retail Group has backed Sainsbury’s £1.4bn takeover bid, ending four months of talks between the supermarket group and the owner of Argos to form a food and general merchandise retailer.
The terms of the deal remain unchanged from the offer Sainsbury’s made two weeks ago after Steinhoff of South Africa pulled out of the running. At the time, Home Retail said it looked forward to recommending the offer to its shareholders.
Related: Argos patiently waits for its buyer to collect
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/1pPHPxY
No comments:
Post a Comment