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.”
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