UK DIY News
Sainsbury's confirms offer for Home Retail Group
Sainsbury's has confirmed its offer for Home Retail Group, after rival Steinhoff pulled out of the bidding late Friday.
The full publication can be found here.
The bid value is £1.4bn - the same as the most recent Sainsbury's bid - based on 55p cash and 0.321 Sainsbury’s shares per Home Retail Group share.
An additional figure of 2.8p per Home Retail Group share was mentioned in the statement and is in lieu of a final dividend in respect of HRG's financial year ended 27 February 2016
Source : Home Retail Group
www.homeretailgroup.com
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