The Wall Street Journal reported April 1 that “Home Retail Group PLC … said it will recommend J Sainsbury PLC’s £1.4 billion ($2.01 billion) takeover of the company, ending a four-month-long battle to buy the Argos owner.
“Sainsbury’s said Home Retail directors unanimously recommend its offer, which will be made through a court-sanctioned scheme of arrangement and is expected to complete in the third quarter of this year. The deal still needs approval from the court, Home Retail shareholders and regulators.”
For more information, please click here. (Subscription required)
