Home Retail

Sainsbury and Home Retail – A Done Deal?

As I commented on the proposed acquisition of Home Retail by Sainsbury in previous blog posts (as a shareholder in the latter) here's some on this mornings announcement. In essence a deal has been agreed, with an offer equivalent to 161.3p in the hands of Home Retail shareholders. But that includes a capital return by Home Retail to their shareholders from the sale of Homebase which Sainsbury probably did not want anyway. The key justification for the deal is given later in ...