Sainsbury’s is expected to request for an extension of the Tuesday deadline to table for a firm tender for the owner of ArgosShares in Argos owner Home Retail group jumped 12% on Monday after the emergence of a £1.4bn rival offer from South African retail group,Steinhoff.
The increase took the shares to 172p, just below the 175p terms proposed by Steinhoff, or announced after the stock market had closed on Friday. The Sainsbury’s offer,worth 167p a share, values Home Retail at £1.35bn.
Related: Rival challenges Sainsbury's in Home Retail Group takeover Continue reading...
Source: theguardian.com