Will Sainsbury’s buy Argos and Homebase for a cool £1bn?
How much is the owner of Argos and Homebase worth? Around £1bn maybe. It turns out Home Retail Group rejected an unspecified offer from Sainsbury’s late last year and when that news was announced this morning, the shares surged to value it at a cool £1bn. So £1bn it is then. Sainsbury’s, which actually used to own…