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[spob] 27/1/2016 13:26

Obviously if Sainsbury does step up to the plate, they will make an adjustment for the Homebase sale

[yvonne] 27/1/2016 13:19

What concerns me is the lack of official confirmation about a return to shareholders after the homebase sale, are they thinking of keeping hold of the money so it becomes part of the possible main take over talks?

[imperial3] 27/1/2016 10:01

What about Amazon gate crashing?

[tromso1] 27/1/2016 09:16

"It is understood that the supermarket chain is pushing for the first draft of a deal with Home Retail ahead of the take over panel’s 2 February deadline, where Sainsbury’s will need to take it or leave it."

"On Monday Credit Suisse said a deal looked likely to go ahead: “Given the comprehensive list of justifications provided by Sainsbury and a transaction that looks accretive at virtually any price, we expect Sainsbury to announce a deal prior to the deadline,” it said"

[leadersoffice] 27/1/2016 07:56

I don't believe that just Sainsbury's will try and bag Argos... it's very possible someone might try and gate crash the party . If sainsburys rumoured £1.70 is put down on the table, someone will offer £1.85. Let's see what happens. It's getting tantalising close

[nw99] 27/1/2016 07:17

Qatar Ready To Back Sainsbury's Home Retail Bid - The Times

[market sniper3] 26/1/2016 16:18

Plenty of time yet, a week is a long time in the market.

[imperial3] 26/1/2016 15:56

I would have thought that the best synergy is with Amazon? Cannot understand why they have not pounced yet.

[market sniper3] 26/1/2016 14:46

hehehe Ill take the safe.

[oldvic] 26/1/2016 14:41

if they want the counters can i have the tills

[leadersoffice] 26/1/2016 13:39

Don't post old bloody news

[tromso1] 26/1/2016 09:48

"Following Home Retail’s sale of Homebase to Wesfarmers last week, Robinson’s move is likely to fuel speculation that the sale of Argos to Sainsbury’s will go ahead."

[jonny33] 26/1/2016 08:48

Four parties!! - Based on any facts or because some people on here are thrown a few names out.

[market sniper3] 26/1/2016 08:16

4 interested parties now then. Bidding war coming.

[katie priceless] 26/1/2016 07:57

Sainsbury's largest investor, the Qatar Investment Authority, has indicated that it might be willing to support a £1bn-plus bid for Home Retail Group at a "modest" increase to the 130p or so cash and shares offer rejected by the Argos owner in November.

[imperial3] 25/1/2016 19:44

I wonder whether Amazon will enter the fray?

[katie priceless] 25/1/2016 19:24

It was Interesting to know what Sainsburys first offer was at last

[katie priceless] 25/1/2016 19:15

Yes , but things have changed dramatically since then in the retail sector

[imperial3] 25/1/2016 18:45

Asda has been rumoured to be a bidder for years.

[nw99] 25/1/2016 18:38

1.70 then from Sainsbury

[haywards26] 25/1/2016 18:36

I would be happy with an offer of £1.70 + Homebase return of cash.

A bidding war with Wal-Mart entering the fray would also be great :)

[nw99] 25/1/2016 15:33

£2 here we come

[someuwin] 25/1/2016 15:23

The Evil Diaries: Petroceltic and Google

By Evil Knievil 25 January 2016

...

ADDENDUM: On the Home run…

Plane Watch: My friend is so addicted to watching from his garden planes coming into Heathrow that he managed to pick up the arrival of a clutch of Walmart executives. They think that Home Retail (HOME) is worth 200p and that they can therefore eclipse Sainsbury’s. So I bought lots of HOME.

Apparently, there is c. £5bn of annual sales, no debt and TNAV of the order of £800m in contrast to a market value of the order of £1.2bn at 144p. Hurry along now. This should suit Asda.