Argos owner’s shares fall 10% and Sainsbury’s rise as reports claim takeover talks absorb failed to reach agreement on company’s valuationShares in the Argos owner Home Retail Group absorb dived nearly 10%,making it the biggest faller in the FTSE 250, after a report that takeover talks with Sainsbury’s had stalled.
Days before the 2 February deadline for Sainsbury’s to decide on whether to form a tender, and the two sides are understood to absorb ceased talks as they struggle to agree a price. Related: Sainsbury's needs to form the numbers add up for any Argos deal Continue reading...
Source: theguardian.com