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Home Retail surges ahead of possible bidding war

(ShareCast News) - Shares in Home Retail surged on Monday following media reports over the weekend that Sainsbury's could seek an extension to the Takeover Panel's 18 March deadline, after South African retailer Steinhoff made an offer to the Argos owner. Late on Friday, Home Retail confirmed it had

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(ShareCast News) - Financial institutions in the City of London are fairly pleased with David Cameron's agreement with the European Union ahead of June's referendum as it looks to have secured the Square Mile from excessive further Brussels red tape. A potentially painful sticking point has been avo

2nd UPDATE: Sainsbury Deal With Home Retail Disrupted By New Bid

UPDATE 1-Steinhoff joins battle with Sainsbury's for Home Retail

(Adds details, background; refiled to remove duplication of word 'agreed' in first paragraph) LONDON, Feb 19 (Reuters) - South African-based furniture retailer Steinhoff International has made a rival offer to buy Britain's Home Retail, the owner of the Argos group of catalogue-based sto

UPDATE: Sainsbury Deal With Home Retail Disrupted By New Bid

Potential Takeover Of Home Retail By Sainsbury Disrupted By New Bid

South Africa's Steinhoff makes rival bid for Home Retail

LONDON, Feb 19 (Reuters) - South African furniture company Steinhoff International has made a rival bid to buy Britain's Home Retail, the owner of the Argos group of catalogue-based stores which earlier this month agreed to be bought by supermarkets group Sainsbury's. Steinhoff, which makes

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BUZZ-Sainsbury's: 2nd-top European retail gainer on Exane hike

** Sainsbury's +2.4 pct & 2nd top Stoxx 600 retail gainer as Exane BNP Paribas says deal to buy Argos-owner Home Retail points to greater estate overlap, synergies ** Brokerage upgrades to "outperform" from "neutral", ups TP by 12 pct to 280p on a deal it considers underappreciated **

Sainsbury's gets Old Mutual backing for Home Retail bid

LONDON, Feb 3 (Reuters) - Old Mutual Global Investors , which has a 3.6 percent stake in Argos-owner Home Retail, said on Wednesday it regards Sainsbury's cash and shares proposal for its holding to be fair. British supermarket Sainsbury's has bid 1.3 billion pounds ($1.9 billion) to take o

SocGen cuts Sainsbury's, says Home deal increases risk profile

(ShareCast News) - Societe Generale downgraded Sainsbury's to 'hold' from 'buy' and slashed the price target to 260p from 310p following the announcement of its offer for Home Retail Group. The bank said the timing of the deal was inappropriate, with UK food retailing still facing challenging market

Home Retail shareholder Old Mutual supports Sainsbury's offer

(ShareCast News) - Old Mutual Global Investors, which has a 3.6% stake in Home Retail Group, has come out in support of Sainsbury's bid for the FTSE 250 retailer. It said on Wednesday that it regards the offer as "fair", taking into account the acceleration of the Argos transformation plan within Sa

Home Retail Shareholder Old Mutual Gives Backing To Sainsbury's Bid

BROKER RATINGS SUMMARY: SocGen Cuts Sainsbury To Hold After Argos Deal