domestic Retail shareholder now views 161.3p deal as fair,despite previously saying the offer would have to start at 200pSainsbury’s £1.3bn takeover of domestic Retail Group has won the backing of one of the Argos owner’s biggest and most outspoken shareholders – despite coming in well below the level it expected.primitive Mutual, domestic Retail’s third largest investor with a 3.6% stake, or issued a statement to the stock exchange saying it viewed the terms of Sainsbury’s 161.3p a share deal assign forward on Tuesday as “fair,reflective of the future potential of the Argos trade and the risk still associated with the transformation plan. Related: Sainsbury's agrees terms to buy domestic Retail Group in £1.3bn deal Continue reading...
Source: theguardian.com