(ShareCast News) - The board of Home Retail has agreed to recommend Sainsbury's takeover offer, with the grocer applying for a court-sanctioned scheme of arrangement to process the acquisition Sainsbury's, which still expect the traction to complete in the third quarter of this year, has offered Hom
Read moreLONDON, April 1 (Reuters) - British supermarket group Sainsbury's said on Friday its 1.4 billion pounds ($2 billion) offer for Argos-owner Home Retail Group had been recommended by the board of the catalogue retailer. Sainsbury's, Britain's second biggest grocer, was left a clear run to buy
Read more(ShareCast News) - Sainsbury's has not entirely won over analysts despite being allowed an unchallenged path to the takeover of Argos owner Home Retail on Friday, with several remaining neutral and Goldman Sachs maintaining a 'sell' rating. After Steinhoff International unexpectedly withdrew its riv
Read more* Sainsbury's offers 1.4 bln stg for Home Retail * Steinhoff says won't make firm bid for Home Retail * Home Retail shares fall 10 pct * Steinhoff agrees 673 mln stg deal to buy Darty (Adds detail, Sainsbury's CEO comment, shares) By James Davey and Tiisetso MotsoenengRead more