Posted inEDITOR'S CHOICE, UK
£1.3bn sale of Argos to Sainsbury’s advances to next stage
Argos owner Home Retail Group has accepted that a £1.3bn offer would be agreeable should supermarket giant Sainsbury’s wish to buy the retailer. While no such offer has yet been made, the proposal of a shares and cash deal which as of January 4 represented a 63% premium on Home Retail Group’s share price, will […]