Sainsbury’s wins Argos: Is there a sting in the tail?
So Sainsbury’s is the winner in the race to buy Argos, although whether it will end up a winner is open to question.
Argos says “get a move on” to suitors as it prepares for mega sale
“Get a move on” was the message from Argos chief John Walden yesterday as potential buyers of the business J Sainsbury and Steinhoff continued to do… well, not a lot, ahead of what could be a bumper payday for HRG shareholders next Friday. Actually, that’s not true. The two retail giants who want to buy…
Sainsbury’s set to buy Argos for £1.3bn?
OK, this is big news. That’s B.I.G. Sainsbury’s is just about there with its plan to buy Home Retail Group (HRG) – or Argos as we should now call it since HRG has already reached a deal to sell the Homebase chain to Wesfarmers. The “possible” deal doesn’t quite hit the £1.4bn HRG wanted but…
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…
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